LIN Media Announces LIN Television Corporation’s Exchange Offer for its 6 3/8% Senior Notes due 2021
03 Abril 2013 - 7:00AM
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 63/8% Senior Notes due
2021 issued October 12, 2012 (“Old Notes”) for new 63/8%
Senior Notes due 2021 (the “New Notes”) 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 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 April 30, 2013, 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and may be withdrawn at any time before the exchange offer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 April 3, 2013
(“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, 111 Sanders Creek Parkway,
East Syracuse, NY 13057, attn: Mr. Adam DeCapio, telephone
(315) 414-3360, facsimile (732) 667-9408.
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 is a local multimedia company that operates or
services 43 television stations and seven digital channels in 23
U.S. markets, along with a diverse portfolio of web sites, apps and
mobile products that make it more convenient to access its unique
and relevant content on multiple screens.
LIN Media’s highly-rated television stations deliver important
local news and community stories along with top-rated sports and
entertainment programming to 10.5% 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”. Financial information about the company is available at
www.linmedia.com.
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