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Univision Discloses Refinanced Debt, Has $650 Million in Available Cash

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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.

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Tamara Lich, convoy organizer, denied bail as judge notes ‘grave’ nature of charge
Tamara Lich, one of the organizers of the so-called “Freedom Convoy” that blockaded the nation’s capital for three weeks, will remain behind bars after an Ottawa judge denied her bail.“These offences are grave,” said the presiding judge ruling on the bail application.Lich was arrested on Thursday evening as law enforcement in Ottawa began a major push that lasted through the weekend to clear out the convoy blockade following the invocation of the Emergencies Act.In a video posted by the convoy’s official Twitter page, Lich could be seen being led away by officers and saying “hold the line.” Tamara Lich, convoy organizer, arrested amid ‘major’ push to oust blockade The judge referenced that comment during the bail hearing.“You have had plenty of opportunity to remove yourself and even others from this criminal activity but obstinately chose not to, and persistently counselled others not to either,” the judge said, adding that “this community has already been impacted enough.”The Crown is also seeking a non-communication order that would bar Lich from any communications with  three fellow convoy organizers and leaders: Chris Barber, Pat King and B.J. Dichter.Barber is charged with counselling to commit the offence of mischief, counselling to commit the offence of disobey court order, counselling to commit the offence of obstruct police.He was granted bail on Friday.
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