LIN TV Corp. Announces $290 Million Senior Notes Offering by LIN Television Corporation
04 10월 2012 - 8:41PM
Business Wire
LIN TV Corp. (“LIN Media” or the “Company”; NYSE: TVL) today
announced that its wholly-owned subsidiary, LIN Television
Corporation, intends to offer to eligible purchasers, subject to
market conditions and other factors, $290 million of its Senior
Notes due 2021 (the "Notes"). The Notes will be guaranteed by LIN
TV Corp. and LIN Television Corporation's wholly-owned
subsidiaries. Net proceeds from the sale of the Notes will be used
to finance a portion of the purchase price for the previously
announced acquisition of 13 network-affiliates (including 10 that
are affiliated with ABC, CBS, FOX or NBC) in eight U.S. markets
owned by New Vision Television.
The Notes have not been registered under the Securities Act of
1933, as amended (the "Securities Act") or applicable state
securities laws and may not be offered or sold in the U.S. absent
registration or an applicable exemption from the registration
requirements of the Securities Act and applicable state laws. LIN
Television Corporation 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 U.S. 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
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 issuance of the Notes, the guarantee of the Notes by
LIN TV Corp. and LIN Television Corporation's wholly-owned
subsidiaries and the use of the proceeds from the sale of the
Notes. The Company has based these forward-looking statements on
its current assumptions, knowledge, expectations and projections
about certain future events. Although the Company believes that its
assumptions made in connection with the forward-looking statements
contained herein are reasonable, no assurances can be given that
its assumptions and expectations will prove to be correct. These
forward-looking statements are subject to various risks,
uncertainties and assumptions. The Company 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 future events discussed in this
press release might not occur or could differ materially from the
events described in the forward-looking statements contained
herein.
About LIN Media
LIN Media is a local multimedia company that operates or
services 32 network-affiliates, more than 50 television and niche
web sites, and a growing suite of mobile products. LIN Media’s
highly-rated network-affiliates deliver important local news and
community stories along with top-rated sports and entertainment
programming to 7.3% of U.S. television homes. The Company’s digital
media operations focus on emerging media and interactive
technologies that deliver performance-driven digital marketing
solutions to some of the nation’s most respected agencies and
brands. LIN TV Corp. is traded on the NYSE under the symbol
“TVL”.
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