Liberty Media LLC Announces Commencement of Tender Offers for 7-7/8% Senior Notes Due 2009 and 7-3/4% Senior Notes Due 2009
26 9월 2008 - 8:00PM
PR Newswire (US)
ENGLEWOOD, Colo., Sept. 26 /PRNewswire-FirstCall/ -- Liberty Media
LLC ("Liberty") today announced that it has commenced cash tender
offers for any and all of its outstanding 7-7/8% Senior Notes due
2009 ("7-7/8% Notes") (CUSIP No.: 530715AB7) and 7-3/4% Senior
Notes due 2009 ("7-3/4% Notes") (CUSIP No.: 530718AA3). The tender
offers are scheduled to expire at 5:00 p.m., New York City time, on
Monday, October 27, 2008, unless extended or earlier terminated. As
of September 25, 2008, $669,695,000 principal amount of 7-7/8%
Notes were outstanding and $233,626,344 principal amount of 7-3/4%
Notes were outstanding. In the tender offer for the 7-7/8% Notes,
Liberty will pay total consideration of $1,007.50 for each $1,000
principal amount tendered and accepted for purchase, which includes
an early tender premium of $10.00 per $1,000 principal amount of
7-7/8% Notes. The early tender premium will only be paid in respect
of those 7-7/8% Notes that are tendered and not withdrawn by the
early tender payment deadline of October 9, 2008, unless extended
(the "Early Tender Premium Deadline"). Holders who tender their
7-7/8% Notes after the Early Tender Premium Deadline and on or
prior to the expiration of the tender offer for the 7-7/8% Notes
will be entitled to receive $997.50 per $1,000 principal amount
tendered and accepted for purchase. In the tender offer for the
7-3/4% Notes, Liberty will pay total consideration of $1,006.50 for
each $1,000 principal amount tendered and accepted for purchase,
which includes an early tender premium of $10.00 per $1,000
principal amount of 7-3/4% Notes. The early tender premium will
only be paid in respect of those 7-3/4% Notes that are tendered and
not withdrawn by the Early Tender Premium Deadline. Holders who
tender their 7-3/4% Notes after the Early Tender Premium Deadline
and on or prior to the expiration of the tender offer for the
7-3/4% Notes will be entitled to receive $996.50 per $1,000
principal amount tendered and accepted for purchase. In addition,
Liberty will pay accrued and unpaid interest on all notes tendered
and accepted for payment in the tender offers from the last
interest payment date to, but not including, the date on which the
notes are purchased. On any date that is on or after the Early
Tender Premium Deadline and prior to the expiration date of the
applicable tender offer, Liberty may accept for payment all notes
validly tendered before the Early Tender Premium Deadline. Liberty
will make payment for notes so accepted promptly after acceptance,
if the conditions to the applicable tender offer are met (the
"Early Settlement Date"). Liberty currently anticipates the Early
Settlement Date will be October 10, 2008. Liberty will make payment
for notes that are validly tendered after the Early Tender Premium
Deadline and prior to the expiration date of the applicable tender
offer that it has not earlier accepted promptly after it accepts
those notes for payment. The terms and conditions of the tender
offers are described in the offer to purchase, dated September 26,
2008, and in the related letter of transmittal. Liberty has
retained Citi to serve as dealer manager for the tender offers, and
Global Bondholder Services Corporation ("GBSC") to serve as the
depositary and information agent. Copies of the offer to purchase
and related documents may be obtained from GBSC at (866) 873-7700
(toll free) or (212) 430-3774 (for banks and brokers). Questions
regarding the tender offers may be directed to Citi at (800)
558-3745 (toll free) or (212) 723-6106 (collect). This press
release does not constitute an offer to purchase or a solicitation
of any offer to sell the notes or any other securities. The tender
offers are being made solely by the offer to purchase, dated
September 26, 2008, and the related letter of transmittal. About
Liberty Media LLC Liberty Media LLC is an intermediate holding
company of Liberty Media Corporation, owning interests in a broad
range of electronic retailing, media, communications, and
entertainment businesses. Certain statements in this press release
may constitute "forward-looking statements." Such forward-looking
statements involve known and unknown risks, uncertainties and other
important factors that could cause the actual results, performance
or achievements of Liberty Media LLC and its subsidiaries to differ
materially from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such
risks, uncertainties and other factors include the risks and
factors described in the publicly filed documents of Liberty Media
LLC, including its most recently filed Annual Report on Form 10-K
and Quarterly Reports on Form 10-Q. These forward-looking
statements speak only as of the date of this press release. Liberty
Media LLC expressly disclaims any obligation or undertaking to
disseminate any updates or revisions to any forward-looking
statement contained herein to reflect any change in Liberty Media
LLC's expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is based.
DATASOURCE: Liberty Media LLC CONTACT: Courtnee Ulrich of Liberty
Media LLC, +1-720-875-5420 Web site: http://www.libertymedia.com/
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