Univision Communications Inc. Announces $750 Million Partial Redemption of Its $1.1 Billion 6.75% Senior Secured Notes Due 2022

October 17, 2017

NEW YORK, OCTOBER 17, 2017 – Univision Communications Inc. (“UCI” or the “Company”), the leading media company serving Hispanic America, announced that on Friday, October 13th, it redeemed $750.0 million of the Company’s outstanding 6.75% senior secured notes due 2022.   The redemption price was equal to 103.375% of the aggregate principal amount of the notes redeemed, plus accrued and unpaid interest thereon to the redemption date.  The notes were repaid from a combination of proceeds from the Company’s monetization of a portion of its spectrum assets in the Federal Communications Commission broadcast incentive auction and related channel-sharing arrangements, from cash generated from operations and utilization of revolving credit facilities.  The principal balance of the remaining 6.75% senior secured notes due 2022 is approximately $357.8 million. 

CONTACT:    Bobby Amirshahi
646.560.4902
bamirshahi@univision.net
@UCIPRTeam

Adam Shippee
646.560.4992
ashippee@univision.net

About Univision Communications Inc.

Univision Communications Inc. (UCI) is the leading media company serving Hispanic America. The Company, a leading content creator in the U.S., includes Univision Network, one of the leading networks in the U.S. regardless of language and the most-watched Spanish-language broadcast television network in the country available in approximately 90% of U.S. Hispanic television households; UniMás, a leading Spanish-language broadcast television network available in approximately 85% of U.S. Hispanic television households; Univision Cable Networks, including Galavisión, the most-watched U.S. Spanish-language entertainment cable network, as well as UDN (Univision Deportes Network), the most-watched U.S. Spanish-language sports cable network, Univision tlnovelas, a 24-hour Spanish-language cable network dedicated to telenovelas, ForoTV, a 24-hour Spanish-language cable network dedicated to international news, and an additional suite of cable offerings - De Película, De Película Clásico, Bandamax, Ritmoson and Telehit; Univision Local Media, which owns and/or operates 59 television stations and 64 radio stations  in major U.S. Hispanic markets and Puerto Rico; and Univision Now, a direct-to-consumer, on demand and live streaming subscription service. The Company also includes the Fusion Media Group (FMG), a division that serves young, diverse audiences. FMG includes two cable networks: news and lifestyle English-language network FUSION TV and UCI’s interest in El Rey Network, a general entertainment English-language cable network; Univision.com, the most-visited Spanish-language website among U.S. Hispanics; Uforia, a music application featuring multimedia music content; as well as a collection of leading digital brands that span a range of categories: technology (Gizmodo), sports (Deadspin), music (TrackRecord), lifestyle (Lifehacker), modern women’s interests (Jezebel), news and politics (Splinter), African American news and culture (The Root), gaming (Kotaku), and car culture (Jalopnik). FMG also includes the Company’s interest in comedy and news satire brands The Onion, Clickhole and The A.V. Club. Headquartered in New York City, UCI has content creation facilities and sales offices in major cities throughout the United States. For more information, please visit corporate.univision.com.

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Disclaimer

This document contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “expects,” “intends,” “anticipates,” “plans,” “believes,” “seeks,” “estimates,” “will,” or words of similar meaning or similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements are based on management’s current expectations, assumptions and beliefs which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological, strategic and/or regulatory factors, and other factors affecting the operations of Univision. Additional information concerning these and other factors can be found in Univision’s filings with the Securities and Exchange Commission (the “SEC”), including Univision’s Registration Statement on Form S-1, initially filed with the SEC on July 2, 2015, as amended. Any forward-looking statement made in this document speaks only as of the date on which it is made. Univision undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

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