"Univision Communications Inc., the Spanish-language broadcaster, has become the latest company to exercise an option on some of its bonds that will leave holders with even more debt.http://online.wsj.com/article/BT-CO-20090313-713435.html
In a Securities and Exchange Commission filing Thursday, the company said it will pay interest on $1.5 billion of bonds with more debt. These bonds are known as payment-in-kind (PIK) toggle notes, and give a company the flexibility to switch between cash or credit interest payments."
Friday, March 20, 2009
WSJ/DowJones: Univision to pay debt interest with more debt
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