Liberty Media LLC Announces Results at Early Tender Premium Deadline of Tender Offers for its 7-7/8% Senior Notes Due 2009 and 7
10 10월 2008 - 8:00AM
PR Newswire (US)
ENGLEWOOD, Colo., Oct. 9 /PRNewswire-FirstCall/ -- Liberty Media
LLC ("Liberty") today announced the results to date of its cash
tender offers commenced September 26, 2008 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 Early Tender Premium Deadline for the
cash tender offers was 5:00 p.m., New York Time, on Thursday,
October 9, 2008, with holders of approximately $554.5 million
aggregate principal amount of 7-7/8% Notes and approximately $210.2
million aggregate principal amount of 7-3/4% Notes having validly
tendered and not withdrawn their Notes pursuant to the tender
offers by the deadline. This represents approximately 82.8% and 90%
of the outstanding principal amount of the 7-7/8% Notes and the
7-3/4% Notes, respectively. In accordance with the terms of the
tender offers, Notes that are tendered after the Early Tender
Premium Deadline may not be withdrawn. Liberty has elected to
accept for payment all 7-7/8% Notes that were validly tendered and
not withdrawn by the Early Tender Premium Deadline, for which
Liberty will pay the total consideration of $1,007.50 for each
$1,000 principal amount tendered, which includes an early tender
premium of $10.00 per $1,000 principal amount of notes. Subject to
the satisfaction of the conditions to the tender offer for the
7-7/8% Notes, the early settlement date for the purchase of 7-7/8%
Notes validly tendered and not withdrawn by the Early Tender
Deadline will occur on Wednesday, October 15, 2008. Liberty has
also elected to accept for payment all 7-3/4% Notes that were
validly delivered and not withdrawn by the Early Tender Premium
Deadline, for which Liberty will pay the total consideration of
$1,006.50 for each $1,000 principal amount tendered, which includes
an early tender premium of $10.00 per $1,000 principal amount of
notes. Subject to the satisfaction of the conditions to the tender
offer for the 7-3/4% Notes, the early settlement date for the
purchase of 7-3/4% Notes validly tendered and not withdrawn by the
Early Tender Deadline will occur on Wednesday, October 15, 2008.
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. 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. 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. 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 promptly after its
acceptance of those Notes for payment. Liberty will also pay
accrued but unpaid interest on all Notes accepted for payment to,
but excluding, the settlement date. All Notes purchased in the
tender offers will be retired upon consummation of the tender
offers. The consummation of the tender offers are conditioned upon
certain customary closing conditions. If any of the closing
conditions are not satisfied at the early settlement date, Liberty
is not obligated to accept for payment, purchase or pay for, or may
delay the acceptance for payment of, any tendered notes, and may
terminate the tender offers. Subject to applicable law, Liberty may
waive any condition applicable to the tender offers and extend or
otherwise amend the tender offers. The terms and conditions of each
tender offer 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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