New Issue: Young Broadcasting $250 million seven-year notes yield 8½%

By Paul A. Harris

St. Louis, Mo., Nov. 30 - Young Broadcasting priced $250 million of seven-year senior notes (B2/B) Friday at par, yielding 8½%, in line with the 8½% area price talk, syndicate sources told Prospect News.

Joint bookrunners were Deutsche Banc Alex Brown and Wachovia Securities, with CIBC World Markets as co-manager.

Issuer:	Young Broadcasting, Inc.
Amount:	$250 million
Maturity:	Dec. 15, 2008
Type:	Senior notes
Bookrunners:	Deutsche Banc Alex. Brown, Wachovia Securities
Co-manager:	CIBC World Markets
Coupon:	8½%
Price:	Par
Yield:	8½%
Spread:	440 basis points
Call features:	Callable on Dec. 15, 2005 at 104.25, then at 102.125,
	declining to par on Dec. 15, 2007 and thereafter
Equity clawback:	35% at 108.50 until Dec. 15, 2004
Settlement date:	Dec. 7 (T+5)
Ratings:	Moody's B2
	Standard & Poor's B
Cusip:	987434AN7
End

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