Starz pricing $150 million tap of 5% senior notes due 2019 Tuesday

By Paul A. Harris and Aleesia Forni

Columbus, Ohio, Feb. 5 - Starz LLC and Starz Finance Corp. are planning a $150 million add-on to their existing 5% senior notes Sept. 15, 2019 (Ba2/BB) on Tuesday, a market source said.

The Meridian, Colo.-based company was scheduled to hold an investor call at 11 a.m. ET.

SunTrust Robinson Humphrey Inc., Bank of America Merrill Lynch and Barclays are the joint bookrunners.

The Rule 144A with registration rights notes feature a first call on Sept. 15, 2015 at 102.5.

Proceeds will be used to repay debt.

The original $500 million issue priced at par on Sept. 6, 2012.

Starz provides premium subscription video programming to multichannel video distributors and develops, produces, acquires and distributes original entertainment content.

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