LIN Media Announces Expiration of LIN Television Corporation’s Exchange Offer for its 8⅜% Senior Notes due 2018
2010年10月13日 - 10:00PM
ビジネスワイヤ(英語)
LIN TV Corp. (“LIN Media”; NYSE:TVL), a local multimedia
company, today announced the expiration of the offer made by its
wholly owned subsidiary, LIN Television Corporation, to exchange
all of LIN Television Corporation’s outstanding 8⅜% Senior Notes
due 2018 issued April 12, 2010 (“Old Notes”) in a private
placement pursuant to Rule 144A and Regulation S under the
Securities Act of 1933, as amended (“Securities Act”), for new 8⅜%
Senior Notes due 2018 (“New Notes”) registered under the Securities
Act. The exchange offer expired at 5:00 p.m., New York City time,
on October 12, 2010.
Subject to confirmation of tenders sent via guaranteed delivery
procedures, the Bank of New York Mellon Trust Company, N.A., the
exchange agent for the exchange offer, has advised that
$200,000,000 aggregate principal amount of the Old Notes were
validly tendered and not validly withdrawn prior to the expiration
of the exchange offer, which represents 100% of the aggregate
principal amount of Old Notes outstanding upon commencement of the
exchange offer. LIN Television Corporation has accepted for
exchange all of the Old Notes validly tendered and not validly
withdrawn. LIN Television Corporation expects to issue the New
Notes in exchange for the Old Notes on or promptly after October
15, 2010.
This press release is neither an offer to sell nor a
solicitation of an offer to buy securities and no recommendation is
made as to whether or not holders of Old Notes should have
exchanged them. The exchange offer was made only by the Prospectus
and related letter of transmittal, each dated September 13, 2010,
copies of which were provided to holders of the Old Notes.
Forward-Looking
Statements
The information included in this press release includes
forward-looking statements, within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, about LIN Television Corporation’s plans
regarding the exchange offer for the Old Notes. LIN Television
Corporation has based these forward-looking statements on its
current assumptions, knowledge, expectations and projections about
future events. Although LIN Television Corporation and LIN Media
believe that the assumptions made in connection with the
forward-looking statements are reasonable, no assurances can be
given that the assumptions and expectations will prove to have been
correct. These forward-looking statements are subject to various
risks, uncertainties and assumptions. Neither LIN Television
Corporation nor LIN Media undertakes any obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, unless
required by applicable law. In light of these risks, uncertainties
and assumptions, the forward-looking events discussed in this press
release might not occur.
About LIN Media
LIN Media, along with its subsidiaries, is a local multimedia
company that owns, operates or services 32 network-affiliated
broadcast television stations, interactive television station and
niche web sites, and mobile platforms in 17 U.S. markets. LIN
Media’s online advertising business, RMM, leverages unique
technology, new product innovation and customized interactive and
mobile advertising solutions to deliver measurable results to
local, regional and national clients.
LIN TV Corp. is traded on the New York Stock Exchange under the
symbol “TVL”. Financial information about the company is available
at www.linmedia.com.
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