As former Viacom CFO Wade Davis gets set to become CEO of Univision Communications later this year, the Spanish-language media giant on Monday said it was eyeing "potential refinancing transactions." The possible moves to reduce its debt burden come as Univision unveiled preliminary financial data for its first quarter ended March 31.
As Univision discussed liquidity issues during the coronavirus pandemic, the company revealed it had "cash and cash equivalents of approximately $650 million, with additional availability under its senior secured revolving credit facilities of approximately $638 million," for total available liquidity of $1.28 billion as of the end of March.