Gemstar-TV Guide repays bank debt, terminates revolver in first quarter 2004

By Sara Rosenberg

New York, May 5 - Gemstar-TV Guide International Inc. repaid the outstanding principal amount of $138.4 million under its credit facility and terminated the entire $254.5 million revolver, which was set to expire in February 2005, during the first quarter.

The repayment was funded from cash and was paid without penalty, a company news release said.

Gemstar-TV Guide is a Los Angeles licenser, marketer and distributor of technologies, products and services targeted at the television guidance and home entertainment needs of consumers.

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