One of the nation’s top companies serving Hispanic consumers and millennials has revealed how much it is shelling out for three series of senior secured notes.
The answer? A total $200 million is being put toward the notes.
Specifically, Univision offered to purchase for cash up to $57,287,000 aggregate principal amount of its 6.75% Senior Secured Notes due 2022, up to $62,049,000 aggregate principal amount of its 5 1/8% Senior Secured Notes due 2023, and up to $80,664,000 aggregate principal amount of its 5 1/8% Senior Secured Notes due 2025.
The Asset Sale Offers expired at 5pm Eastern on Aug. 30, with the offers to purchase made by Univision on Aug. 3.
According to information provided by Wilmington Trust, the aggregate principal amount of each series of notes that had been validly tendered and not validly withdrawn pursuant to the Asset Sale Offers as of the Expiration Date, is listed in the table below:
|
Notes |
Aggregate Principal Amount Outstanding as of launch of Asset Sale Offers |
Aggregate Principal Amount Tendered |
Aggregate Principal Amount Accepted for Purchase |
|||||||
| 2022 Notes | $1,107,900,000 | $76,000 | $76,000 | |||||||
| 2023 Notes | $1,200,000,000 | $2,190,000 | $2,190,000 | |||||||
| 2025 Notes | $1,560,000,000 | $94,662,000 | $80,615,000 | |||||||
.
Because the aggregate principal amount of 2025 Notes validly tendered and not validly withdrawn was in excess of the aggregate principal amount offered to purchase for such series, Univision accepted 2025 Notes for purchase pro rata based on a proration factor of approximately 85.25%, rounded downward to the nearest $1,000 principal amount in accordance with the terms of the Asset Sale Offers.
The Purchase Date for the Asset Sale Offers was Sept. 5.
