Univision Holdings (UVN) Files $100M IPO

Univision Holdings, Inc. (NYSE: UVN) announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The proposed maximum offering size is $100 million. The company plans to list on the NYSE under the ticker "UVN."

Morgan Stanley, Goldman, Sachs & Co. and Deutsche Bank Securities Inc. are acting as lead book-running managers for the proposed offering.

For the years ended December 31, 2012, 2013, and 2014 the company generated revenue of $2.4 billion, $2.6 billion and $2.9 billion; OIBDA of $0.9 billion, $1.1 billion, and $1.2 billion; Levered Free Cash Flow of $69.7 million, $(92.4) million and $335.6 million; and a net loss of $14.4 million, net income of $216.0 million, and net income of $0.9 million, respectively. For the three months ended March 31, 2015, they generated revenue of $624.7 million, OIBDA of $266.5 million, Levered Free Cash Flow of $90.4 million and a net loss of $142.4 million.

Univision Holdings, Inc. is a media company serving Hispanic America. The Company operates two broadcast television networks: Univision Network and UniMás. In addition to the broadcast networks, the Company has nine cable networks including Galavisión and Univision Deportes. The Company’s other seven cable television offerings are De Película, De Película Clásico, Bandamax, Ritmoson, Telehit, Univision tlnovelas, and ForoTV. The Company owns and operates 60 television stations in the U.S. and Puerto Rico. The Company also owns and operates 62 radio stations in the U.S. and owns and operates five radio stations in Puerto Rico. The Company also offers Uforia, a digital music platform. The Company’s digital properties includeUnivision.com, UVideos, Flama, online and mobile websites associated with the Company’s local television and radio stations, and Univision Partner Group. The Company has made strategic investments with filmmaker Robert Rodriguez in El Rey and with Walt Disney Company’s ABC News in Fusion.

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