Emmis to begin tender offer for 6 7/8% notes

By Angela McDaniels

Seattle, Sept. 18 - Emmis Operating Co. will begin an offer to repurchase its 6 7/8% senior subordinated notes due 2012 at par, according to a company news release.

The company will offer to repurchase a portion of the notes under an asset sale offer required by the indenture governing the notes and the remainder of the notes under a tender offer and consent solicitation, the terms and conditions of which will be distributed later this week.

Emmis is a subsidiary of Emmis Communications Corp., an Indianapolis-based diversified media company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.