Liberty Media LLC Announces Expiration and Final Results of Tender Offers for Its 7-7/8% Senior Notes due 2009 and 7-3/4% Senior
28 10월 2008 - 8:00PM
PR Newswire (US)
ENGLEWOOD, Colo., Oct. 28 /PRNewswire-FirstCall/ -- Liberty Media
LLC ("Liberty") today announced the expiration and final results 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" and, together with the 7-7/8% Notes, the "Notes") (CUSIP
No.: 530718AA3). The tender offers expired at 5:00 p.m., New York
City time, on Monday, October 27, 2008 (the "Expiration Date"). 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of 7-3/4% Notes having validly tendered and not withdrawn their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 Early Tender Premium
Deadline. As previously announced, Liberty 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withdrawn by the Early Tender Premium Deadline, for which Liberty
paid the total consideration of $1,007.50 for each $1,000 principal
amount tendered, which included an early tender premium of $10.00
per $1,000 principal amount of notes. Liberty 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not withdrawn by the Early Tender Premium Deadline, for which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 paid the total consideration of $1,006.50 for each $1,000
principal amount tendered, which included an early tender premium
of $10.00 per $1,000 principal amount of notes. As of 5:00 p.m.,
New York City time, on Monday, October 27, approximately $565.7
million aggregate principal amount of 7-7/8% Notes and
approximately $216.2 million aggregate principal amount of 7-3/4%
Notes were validly tendered pursuant to the tender offers. This
represents approximately 85% and 93% of the outstanding principal
amount of the 7-7/8% Notes and the 7-3/4% Notes, respectively.
Liberty will accept for payment all 7-7/8% Notes that were validly
tendered after the Early Tender Premium Deadline and on or prior to
the Expiration Date, for which Liberty will pay $997.50 per $1,000
principal amount tendered and accepted for purchase. Liberty will
also accept for payment all 7-3/4% Notes that were validly tendered
and not withdrawn after the Early Tender Premium Deadline and on or
prior to the Expiration Date, for which Liberty will pay $996.50
per $1,000 principal amount tendered and accepted for purchase. The
final settlement date for these Notes will occur on Thursday,
October 30, 2008. Liberty will also pay accrued but unpaid interest
on all such Notes accepted for payment to, but excluding, the final
settlement date. All Notes purchased in the tender offers will be
retired. 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 have been 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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