NBCUniversal Announces Redemption of $406.25 Million of Universal Orlando Senior Notes and Senior Subordinated Notes
NBCUniversal Media, LLC announced today that on November 15, 2012 (the “Redemption Date”), its wholly owned subsidiaries, Universal City Development Partners, Ltd. and UCDP Finance, Inc. (together, “Universal Orlando”) will redeem all $260 million principal amount outstanding of its 8.875% Senior Notes due November 15, 2015 (CUSIP No. 913405AE6) (the “Senior Notes”) and all $146.25 million principal amount outstanding of its 10.875% Senior Subordinated Notes due November 15, 2016 (CUSIP No. 913405AG1) (the “Senior Subordinated Notes”). The Senior Notes will be redeemed at a redemption price of 104.438% of the principal amount thereof, plus accrued and unpaid interest of $88.75 per Senior Note, to the Redemption Date. The Senior Subordinated Notes will be redeemed at a redemption price equal to 100% of the principal amount thereof, plus the applicable premium set forth in the indenture governing the Senior Subordinated Notes, plus accrued and unpaid interest of $108.75 per Senior Subordinated Note, to the Redemption Date. The redemption price for the Senior Subordinated Notes will be determined two days prior to the Redemption Date. The Bank of New York Mellon Trust Company, N.A. is the trustee for the Senior Notes and Senior Subordinated Notes.
NBCUniversal is one of the world's leading media and entertainment companies in the development, production, and marketing of entertainment, news, and information to a global audience. NBCUniversal owns and operates a valuable portfolio of news and entertainment television networks, a premier motion picture company, significant television production operations, a leading television stations group, and world-renowned theme parks. Comcast Corporation owns a controlling 51% interest in NBCUniversal, with GE holding a 49% stake.
About Universal Orlando
There are many ways to enjoy your Orlando vacation — but there is only one Universal Orlando Resort. It is a completely separate destination featuring two theme parks, three magnificently themed on-site hotels and a nighttime entertainment complex. It's the only Orlando destination where you are not just entertained — you are part of the most exhilarating entertainment ever created. You can soar above Hogwarts with Harry Potter, swing above the streets with Spider-Man, battle aliens alongside Agent J, help Shrek save Princess Fiona and create mischief with Bart Simpson. More information is available at www.universalorlando.com.