Moody's assigns B2 ratings to Univision's new term loan and revolver
New York, March 02, 2017-- Moody's Investors Service, assigned a B2-LGD3 rating to Univision Communications, Inc.' s proposed 7 year, $4.475 billion senior secured term loan due 2024. The proceeds from the offering will be used to retire the company's existing 2020 term loan. In addition, we assigned a B2-LGD3 to a new $850 million revolver due 2022, upsized by $300 million. The transaction is credit positive, as it will extend the maturity date of the revolver and the term loan by four...
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