New York, April 15, 2015 -- Moody's Investors Service says the increase in Univision Communications Inc.'s ("Univision") 5.125% senior secured notes due 2025 to $1.56 billion from $1.35 billion has no immediate impact on debt ratings of the company. The additional $210 million has a nominal effect on the company's leverage. Proceeds will be used to refinance the existing 7.875% senior secured notes due 2020 ($750 million outstanding), resulting in interest expense savings of more than $17 million per year, and to pay related fees and expenses. We will withdraw debt ratings on the 7.875% notes when they are repaid. All other ratings and the positive outlook remain unchanged.

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