Posted on: October 6, 2010 by Luisa Beltran
As someone who grew up watching “Sabado Gigante,” I was amazed (and happy!) when Televisa announced it would invest $1.2 billion in Univision.
The two broadcasters have been bitter rivals for forever it seems. Televisa, with the deal, gets a 5% stake in Univision as well as debt that is convertible into another 30%. On Wednesday, Standard & Poor’s placed Univision’s “B-” rating on creditwatch with positive implications. The Televisa deal improves Univision’s financial flexibility and resolves uncertainty regarding Univision’s programming license with Televisa, its main program supplier, S&P said.
Tags: Madison Dearborn Partners, TPG, Univision
Posted on: June 26, 2009 by Ari Nathanson
Per usual, we have a week’s worth of ratings actions on buyout-backed companies from Standard & Poor’s and Moody’s Investor Services. Not too much action, with just a trio of downgrades and one rating on a new issuance:
Company: EuroFresh Inc.
Sponsors: Bruckmann Rosser Sherrill & Co., Banc of America Capital Investors
Downgrade: S&P withdrew its ratings
Comment: S&P: “Withdrew its ‘D’ corporate credit rating and ‘D’ issue ratings on Eurofresh’s $170 million 11.5% senior notes due 2013 and $44.174 million step up senior subdiscount notes due 2014 because EuroFresh filed for Chapter 11 bankruptcy protection on April 21, 2009.”
Tags: Eurofresh, TSI Acquisition, Univision, Veyence Technologies
Posted on: January 2, 2009 by PEHub Administrator
NEW YORK (Hollywood Reporter) – Media giant Tribune recently filed for Chapter 11 bankruptcy protection and Sumner Redstone’s National Amusements theater chain violated a debt covenant. The moves beg the question: Who, if anyone, could be next in the broader media and entertainment industry? The global financial crisis has made debt harder to access and [...]
Tags: Univision
