PR Newswire: news distribution, targeting and monitoring
2014
See more news releases in Entertainment  | Television  | Stock Offering

LBI Media Holdings, Inc. and LBI Media, Inc. Announce Launch of Exchange Offer

Share with Twitter Share with LinkedIn

BURBANK, Calif., Aug. 28, 2013 /PRNewswire/ -- LBI Media Holdings, Inc. ("LBI Media Holdings") and LBI Media, Inc., a wholly owned subsidiary of LBI Media Holdings, Inc. ("LBI Media" and, together with LBI Holdings, the "Issuers"), announced today that the Issuers have commenced an exchange offer for any and all of LBI Media Holdings' outstanding 11% Senior Discount Notes due 2013 (the "Old Notes"). 

Holders of approximately 46% of the outstanding principal amount of the Old Notes not held by the Issuers or their respective affiliates have agreed, subject to certain terms and conditions contained in an agreement between the parties, to participate in the exchange offer. 

The exchange offer will expire at 12:00 a.m. New York City time, on September 26, 2013, unless extended by the Issuers. Valid tenders of the Old Notes must be made before the exchange offer expires.

This announcement does not constitute an offer to purchase or a solicitation of an offer to sell securities. The exchange offer will be made only pursuant to a confidential offering memorandum and the related letter of transmittal and only to such persons and in such jurisdictions as is permitted under applicable law.

If you are a holder of Old Notes, or a representative acting on behalf of such holder, you may establish your eligibility to receive the documents governing the exchange offer, including the confidential offering memorandum and transmittal materials for making tenders, by visiting the website set up for this purpose at http://www.dfking.com/lbi. Once you have established such eligibility, you may also request copies of the documents governing the exchange offer by sending an email to lbi@dfking.com or calling D.F. King & Co., Inc. at (212) 269-5550.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements related to the exchange offer. These forward-looking statements reflect the Issuers' current views with respect to future events and are based on assumptions and are subject to risks and uncertainties. The Issuers undertake no obligation to update or revise any forward-looking statements to reflect developments or information obtained after the date of this press release, except as required by law.

About LBI Media

LBI Media is a leading Spanish-language entertainment company and one of the largest Spanish-language radio and television broadcasters in the United States, based on revenues and number of stations. LBI  Media owns 18 radio stations (thirteen FM and five AM) and ten television stations in greater Los Angeles,  CA (including Riverside, San Bernardino and Orange counties), Chicago, IL, Dallas-Ft. Worth, TX, Denver,  CO, Houston, TX, New York, NY, Phoenix, AZ, Salt Lake City, Utah, Miami, FL and San Diego, CA. In addition, LBI  Media owns "EstrellaTV", a leading Spanish-language national television broadcast network in the United  States. LBI Media also owns four television production facilities that it uses to produce its core television programming. LBI Media is affiliated with television stations in various states and along with its owned and operated television stations, broadcast EstrellaTV in 40 U.S. designated market areas, including ten in California, nine in Texas, four in Florida, two each in Arizona Nevada and Oklahoma and one each in Colorado, Georgia, Idaho, Illinois, Nebraska, New Mexico, New York, North Carolina, Oregon, Utah and Washington.

SOURCE LBI Media Holdings, Inc.



Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release