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Tuesday, January 6, 2015

Is 2015 The Year Univision Goes Public

A recent upgrade to "positive" from "stable" from Moody's will help, according to Meg James at the Los Angeles Times. James writes that Univision is preparing to go public in mid-2015 "Until now, the company's debt of roughly $9.7 billion ? a legacy of the company's 2007 leveraged buyout ? was seen as an obstacle to a strong offering in the public markets." Univision's owners which include Los Angeles billionaire Haim Saban, Grupo Televisa and several private equity firms have been looking for an exit and 2015 may be their year. Univision owns both TV and radio stations.
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