Univision Communications Inc. Announces Extension of the Early Tender Time in its Tender Offer for 9.75%/10.50% Senior Notes due 2015
NEW YORK, Nov. 23, 2010 /PRNewswire/ -- Univision Communications Inc. ("Univision") announced today that it is extending the early tender time in its previously announced cash tender offer to purchase up to $460,000,000 aggregate principal amount of its outstanding 9.75%/10.50% Senior Notes due 2015 (CUSIP No. 904201AA8 and ISIN No. US335AF96) (the "Notes"), from 5:00 p.m., New York City time on November 22, 2010 to 5:00 p.m., New York City time, on November 23, 2010. Univision also confirmed that tenders of Notes are being and will be accepted in base denominations of $1.00 and in integral multiples of $1.00 in excess thereof.
As of Monday, November 22, 2010, $1,166,435,216 million aggregate principal amount of the Notes, representing approximately 66.70% of the $1,748,870,178 outstanding aggregate principal amount of Notes, had been validly tendered and not validly withdrawn.
This news release is neither an offer to purchase nor a solicitation of an offer to sell any notes. The tender offer is being made pursuant to the Offer to Purchase and related letter of transmittal, copies of which are available from Global Bondholder Services Corporation, the Information Agent for the Tender Offer, by calling (866) 873-7700 (U.S. toll free). Persons with questions regarding the tender offer should contact the following dealer manager – Deutsche Bank Securities Inc. at (866) 627-0391 (U.S. toll free) or (212) 250-6429 (call collect).
About Univision Communications:
Univision Communications Inc. is the premier Spanish-language media company in the United States. Its operations include Univision Network, the most-watched Spanish-language broadcast television network in the U.S. reaching 95% of U.S. Hispanic Households; TeleFutura Network, a general-interest Spanish-language broadcast television network, which was launched in 2002 and now reaches 85% of U.S. Hispanic Households; Galavision, the country's leading Spanish-language cable network; Univision Studios, which produces and co-produces telenovelas, reality shows, dramatic series and other programming formats for all of the Company's platforms; Univision Television Group, which owns and operates 62 television stations in major U.S. Hispanic markets and Puerto Rico; Univision Radio, the leading Spanish-language radio group which owns and/or operates 68 radio stations in 16 of the top 25 U.S. Hispanic markets and 5 stations in Puerto Rico; and Univision Interactive Media, which includes http://www.univision.com, the premier Spanish-language Internet destination in the U.S., and Univision Movil, the industry's most comprehensive Spanish-language suite of mobile offerings. Univision Communications also has a 50% interest in TuTv, a joint venture formed to broadcast Televisa's pay television channels in the U.S. Univision Communications has television network operations in Miami and television and radio stations and sales offices in major cities throughout the United States. For more information, please visit www.univision.net.
This document contains forward-looking statements that involve risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements include: adverse conditions in the capital markets and the failure of holders to participate in the tender offer; changes in federal or state securities laws; and changes in our business and financial condition. The Company assumes no obligation to update forward-looking information contained in this press release.
SOURCE Univision Communications Inc.
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