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LBI Media to price $40 million 10-year discount notes deal by end of week
By Paul A. Harris
St. Louis, Oct. 3 - LBI Media Holdings, Inc. is expected to price $40 million of senior discount notes due 2013, with a five-year zero coupon, by the end of the week, according to market sources.
The deal was to be marketed via an investor conference call on Thursday morning, sources added.
Credit Suisse First Boston and UBS Investment Bank are joint bookrunners on the Rule 144A offering. Fleet Securities is co-manager.
The notes will be non-callable for five years.
LBI will use proceeds to repay a portion of its senior credit facility.
The company is a Burbank, Calif.-based privately held Spanish language radio and television operator.
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