TelevisaUnivsion tries to extend payment of DEBT DUE

In their last earnings call, TelevisaUnivision has put forth a maneuver to extend the due date of their upcoming debt payment in 2025. TelevisaUnivision owes $9.8 billion in long-term debt outstanding. The current debt payments due in 2025 is $1.04 billion and an additional $1.9 billion term payment will due in March 2026.

TelevisaUnivision is proposing the debt sale of $700 million with an issue price of 100.5% for the new debt, in the hopes to entice debt buyers.

There is major pressure at TelevisaUnivision to extend the time on debt payment to gain some breathing room in a tough economy and to try to increase necessary sales in all division.

The move is necessary; extend debt payment due dates, increase sales and cost efficiencies to position the company for sale to interested buyers in the near term.