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.