| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers L > Headlines for LBI Media Inc. > News item |
LBI starts exchange for 11% discount notes due 2013, 11½% PIK notes
New York, Aug. 28 - LBI Media Holdings, Inc. and its subsidiary LBI Media, Inc. said they have begun an exchange offer for Holdings' 11% senior discount notes due 2013 and Media's 11½%/13½% PIK toggle second priority secured subordinated notes due 2020.
LBI said holders of 46% of Holdings' notes that are not held by the issuers or affiliates have agreed to participate.
The exchange runs until 12 a.m. ET on Sept. 26.
No further details were disclosed about the offer, which is only open to qualified institutional buyers and accredited investors.
The 11% notes are due on Oct. 15 of this year, according to Prospect News data.
DF King & Co. is the information agent (212 269-5550).
LBI Media is a Burbank, Calif.-based Spanish-language radio and television broadcaster.
© 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.