LBI Media Holdings, Inc. Announces Proposed Offering of Senior Discount Notes
BURBANK, Calif., Oct. 2 /PRNewswire/ -- LBI Media Holdings, Inc. announced today that it is planning an offering of senior discount notes. LBI Media Holdings intends to contribute the net proceeds from the offering to its subsidiary, LBI Media, Inc. LBI Media, Inc. will use the proceeds from this capital contribution to repay a portion of the borrowings under its senior credit facility. The securities to be offered will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offering, solicitation or sale would be unlawful. Forward Looking Statements This news announcement contains certain forward-looking statements within the meaning of the U.S. securities laws. These statements are based upon current expectations and involve certain risks and uncertainties, including those related to the expected future operating performance of the company's radio stations, television stations and studio operations. Forward-looking statements include but are not limited to information preceded by, or that include the words, "believes", "expects", "prospects", "pacings", "anticipates", "could", "estimates", "forecasts" or similar expressions. The reader should note that these statements may be impacted by several factors, including economic changes, regulatory changes, increased competition, the timing of announced acquisitions or station upgrades, changes in the broadcasting industry generally, and changes in interest rates. Accordingly, the company's actual performance and results may differ from those anticipated in the forward-looking statements. Please see LBI Media Inc.'s recent filings with the Securities and Exchange Commission (www.sec.gov) for information about these and other risks that may affect the Company. The forward-looking statements in this press release express our goals and expectations as of the date of this press release. The Company undertakes no obligation to update or revise the information contained herein because of new information, future events or otherwise.
SOURCE LBI Media Holdings, Inc.
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