Univision holdings, the Spanish-language TV and radio operator filed its prospectus for its initial public offering on either the New York Stock Exchange or Nasdaq under the ticker UVN. The offering is set to occur sometime later this year. The media company operates broadcast and cable networks, sixty different local television stations, a number of radio stations, and operates digital and mobile apps as well. Much of Unvision’s content comes from Mexican media company, Televisa (TV), the world’s biggest producer of Spanish-language television programming, which Univision has an agreement with until at least 2030. After the offering, Televisa will own 22% of Univision’s voting rights. Univision was bought by private equity firms back in 2007 in a leveraged buyout that has burdened Univision with massive amounts of debt ever since. As of March 31st, Univision has $10.6 billion in outstanding debt against current assets of just over $1 billion. The prospectus says that the company intends to use the capital raised from going public to pay off some of that debt while also providing the private equity firms and investment funds the opportunity to exit their eight year investment.