LIN TV Corp. Announces $200 Million Senior Notes Offering by LIN Television Corporation
07 4월 2010 - 3:22AM
Business Wire
LIN TV Corp. (NYSE: TVL) today announced that its wholly owned
subsidiary, LIN Television Corporation, intends to offer, subject
to market conditions and other factors, to eligible purchasers $200
million of its Senior Notes due 2018 (the “Notes”). The Notes will
be guaranteed by LIN TV Corp. and LIN Television Corporation’s
subsidiaries. Net proceeds from the sale of the Notes are expected
to be used to repay outstanding amounts under LIN Television
Corporation’s credit facility.
The Notes have not been registered under the Securities Act of
1933 (the “Securities Act”) or applicable state securities laws and
may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirements of
the Securities Act and applicable state laws. The company plans to
offer and issue the Notes only to qualified institutional buyers
pursuant to Rule 144A under the Securities Act and to non-U.S.
persons outside the United States pursuant to Regulation S under
the Securities Act.
This press release is being issued pursuant to Rule 135c under
the Securities Act, and is neither an offer to sell nor a
solicitation of an offer to buy the Notes or any other securities
and shall not constitute an offer to sell or a solicitation of an
offer to buy, or a sale of, the Notes or any other securities in
any jurisdiction in which such offer, solicitation or sale is
unlawful.
Forward-Looking
Statements
This 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 issuance of the Notes, the guarantee of the Notes by
LIN TV Corp. and LIN Television Corporation’s subsidiaries and the
use of the proceeds from the sale of the Notes. LIN Television
Corporation has based these forward-looking statements on its
current assumptions, knowledge, expectations and projections about
future events. Although LIN TV believes that its assumptions made
in connection with the forward-looking statements are reasonable,
no assurances can be given that its assumptions and expectations
will prove to have been correct. These forward-looking statements
are subject to various risks, uncertainties and assumptions. LIN TV
undertakes no 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 TV
LIN TV Corp., along with its subsidiaries, is a local
multi-media company that owns and/or operates 28 network-affiliated
broadcast television stations and interactive television station
and niche web sites in 17 U.S. markets. LIN TV’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 is traded on the New York Stock Exchange under the symbol
“TVL”. Financial information about the company is available at
www.lintv.com.
Lin TV (NYSE:TVL)
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Lin TV (NYSE:TVL)
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