Univision Communications' Proposed $2 Billion First-Lien Term Loan And $610 Million Revolver Rated 'B' (Recovery: '3') - S&P Global Ratings’ Credit Research

Univision Communications' Proposed $2 Billion First-Lien Term Loan And $610 Million Revolver Rated 'B' (Recovery: '3')

Univision Communications' Proposed $2 Billion First-Lien Term Loan And $610 Million Revolver Rated 'B' (Recovery: '3') - S&P Global Ratings’ Credit Research
Univision Communications' Proposed $2 Billion First-Lien Term Loan And $610 Million Revolver Rated 'B' (Recovery: '3')
Published Jun 08, 2020
3 pages (1231 words) — Published Jun 08, 2020
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About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) June 8, 2020--S&P Global Ratings today assigned its 'B' issue-level rating and '3' recovery rating to Univision Communications Inc.'s proposed up to $2 billion first-lien term loan due 2026 and up to $610 million first-lien revolving credit facility due 2025. The '3' recovery rating indicates our expectation for meaningful (50%-70%; rounded estimate: 60%) recovery for lenders in the event of a payment default. The company plans to use the proceeds from the term loan to repay a portion of its existing term loan. Our 'B' issuer credit rating and stable outlook on Univision remain unchanged because the proposed transaction will not affect its net leverage. For the complete issuer credit rating rationale, please see our

  
Report Type:

Ratings Action

Ticker
UVN
Issuer
Univision Communications Inc.
Sector
Global Issuers
Country
United States
Region
United States
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Univision Communications' Proposed $2 Billion First-Lien Term Loan And $610 Million Revolver Rated 'B' (Recovery: '3')" Jun 08, 2020. Alacra Store. May 16, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Univision-Communications-Proposed-2-Billion-First-Lien-Term-Loan-And-610-Million-Revolver-Rated-B-Recovery-3-2457181>
  
APA:
S&P Global Ratings’ Credit Research. (). Univision Communications' Proposed $2 Billion First-Lien Term Loan And $610 Million Revolver Rated 'B' (Recovery: '3') Jun 08, 2020. New York, NY: Alacra Store. Retrieved May 16, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Univision-Communications-Proposed-2-Billion-First-Lien-Term-Loan-And-610-Million-Revolver-Rated-B-Recovery-3-2457181>
  
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