Univision Tender Offer Update: 24.13% Tendered So Far
February 8, 2011 at 4:11 AM (PT)
UNIVISION COMMUNICATIONS INC. has updated the progress of its tender offer, saying that as of FRIDAY (2/4), $68,485,248 of its 9.75%/10.50% Senior Notes due 2015, representing 24.13% of outstanding notes, had been validly tendered and not validly withdrawn. UNIVISION's offer, which offers $1,053.75 plus accrued interest in cash for each $1,000 principal amount of Notes accepted, is scheduled to expire at midnight (ET) on FEBRUARY 18th.
Smartphone Sports App For iPhone Released
The company's UNIVISION INTERACTIVE MEDIA division also unveiled its new sports smartphone app, UNIVISION Marcador, for the iPHONE and iPOD TOUCH. The app, developed by JULY SYSTEMS, offers real-time scores from soccer leagues and other sports (soccer available immediately, the NBA soon, and others later) and is available in both Spanish and English.