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NEW YORK – July 1, 2011 (BUSINESS WIRE) – NBCUniversal announced today that it has completed its previously announced acquisition of The Blackstone Group’s 50% interest in Universal Orlando. The purchase price was funded with cash on hand, borrowings under NBCUniversal’s existing credit facility and a one-year $250 million note to NBCUniversal from an affiliate of Comcast Corporation. NBCUniversal and its affiliates now own 100% of Universal Studios Florida, Universal’s Islands of Adventure and Universal CityWalk which are located at Universal Orlando Resort.

NBCUniversal also announced today that Universal City Development Partners, Ltd. will make an equity offering of approximately $240 million to NBCUniversal, the proceeds of which will be used by UCDP to redeem 35% of the aggregate principal amount of its 8.875% Senior Notes due 2015 and of its 10.875% Senior Subordinated Notes due 2016. Following the redemption, $260 million principal amount of Senior Notes and $146.25 million of Senior Subordinated Notes will remain outstanding.

About NBCUniversal:
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:
Universal Orlando features two theme parks, Universal Studios and Islands of Adventure, and an entertainment complex called Universal CityWalk. The two theme parks feature more than 50 attractions, rides and shows themed to popular culture’s most compelling stories and characters. There are also three themed hotels on site. For more information, visit

Judith Rubin
Judith Rubin
Judith Rubin ([email protected]) is a leading journalist, publicist, strategist, blogger, content marketing specialist and connector in the international attractions industry. She excels at writing about all aspects of design and technical design, production and project management. Areas of special interest include AV integration and show control, lighting design and acoustics, specialty cinema, digital video and world’s fairs. Judith has ties to numerous industry organizations. From 2005-2020 she ran communications, publications and social media for the Themed Entertainment Association (TEA). In 2013, she was honored with the TEA Service Award. She was development director of IMERSA, and co-chair of the 2014 IMERSA Summit. She was publicist for the Large Format Cinema Association in the 1990s, now part of the Giant Screen Cinema Association (GSCA) and has also contributed to the publications of PLASA, IAAPA and the International Planetarium Society. Already making her mark as a magazine and book editor, Judith joined World’s Fair magazine in 1987, which introduced her to the attractions industry. Launching as a freelancer in the mid 1990s she has contributed to dozens of publications and media outlets including Funworld, Lighting&Sound America, Sound & Communications, Urban Land, The Raconteur and The Planetarian. She joined InPark in 2010. Judith earned a Bachelor of Fine Arts from Pratt Institute. She has lived in New York City and the San Francisco Bay Area, and now makes her home in Saint Louis, where she is active in the local arts and theater community.

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