LIN Media Announces LIN Television Corporation’s Exchange Offer for its 8 3/8% Senior Notes due 2018
13 9월 2010 - 10:18PM
Business Wire
LIN TV Corp. (“LIN Media”; NYSE: TVL), a local multimedia
company, today announced that its wholly owned subsidiary, LIN
Television Corporation, has commenced an offer to exchange all of
LIN Television Corporation’s outstanding 83/8% Senior Notes due
2018 issued April 12, 2010 (“Old Notes”) for new 83/8% Senior
Notes due 2018 registered under the Securities Act of 1933, as
amended (“Securities Act”). The Old Notes were issued in a private
placement pursuant to Rule 144A and Regulation S under the
Securities Act.
Terms of the new 83/8% Senior Notes due 2018 (the “New Notes”)
will be identical in all material respects to the terms of the Old
Notes, except that the transfer restrictions applicable to the Old
Notes will not apply to the New Notes, except in limited
circumstances, and the New Notes will not have rights to additional
interest or registration rights.
The exchange offer will expire at 5:00 p.m., New York City time,
on October 12, 2010, unless extended by LIN Television Corporation.
Tenders of Old Notes must be made before the exchange offer expires
and may be withdrawn at any time before the exchange offer
expires.
The completion of the exchange offer is subject to certain
conditions described in the Prospectus dated September 13, 2010
(“Prospectus”), including the continued effectiveness of the
registration statement on Form S-4 relating to the exchange offer
which has been filed with the Securities and Exchange
Commission.
LIN Television Corporation has retained The Bank of New York
Mellon Trust Company, N.A. to act as exchange agent for the
exchange offer. Requests for copies of the Prospectus and related
letter of transmittal, as well as any questions concerning the
exchange offer, should be directed to The Bank of New York Mellon
Trust Company, N.A., c/o The Bank of New York Mellon, Corporate
Trust Operations—Reorganization Unit, 101 Barclay Street, Floor 7E,
New York, NY 10286, attn: Mr. William Buckley, telephone (212)
815-5788, facsimile (212) 298-1915.
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 exchange
them. The exchange offer is made only by the Prospectus and related
letter of transmittal, copies of which are being 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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