pan>)--Starz, LLC, a wholly-owned subsidiary of Flexibility Media Corporation
(Nasdaq: LMCA, LMCB), along with a Co-Issuer subsidiary of Starz, LLC
(collectively this Co-Issuers) today announced their goal to offer
$500 million in blend principal amount of senior insights due 2019 (the
Notes). This Notes will be senior repayments of the Co-Issuers and
will list pari passu in right of repayment with all of the existing and
foreseeable future senior debt of the Co-Issuers. The net proceeds from the offering
is going to be used for general corporate uses, which will include
repayment involving indebtedness under Starz existing senior collateralized credit
facility.
Starz will make a offering pursuant to an exemption under the
Securities Act of 1933, seeing that amended (the Securities Act). The initial
purchasers will offer the actual Notes only to Qualified Institutional Purchasers
as permitted under Guideline 144A of the Securities Act, and out the
United States to certain person's in reliance on Regulation S under the
Securities Act. This Notes will not be registered within the Securities
Act or the securities laws of any other legal system and may not be
offered or sold in the United States absent enrollment or an
applicable exemption through the registration requirements of the
Sec Act.
In connection with the providing of the Notes,Foamposite Max Sale, Starz will consent, subject
to certain conditions,Air Foamposite Max, to produce a registration statement concerning a
registered offer to exchange the Notes for new listed notes having
substantially the same terms as the Notes.
This press release is for informational requirements only and does not
constitute a deal to sell or the solicitation of an provide to buy the
offered Notes, nor shall there possibly be any sales of Notes in any jurisdiction
in which these kinds of offer, solicitation or sale is unlawful prior to
registration or qualification under the securities legislation of any such
jurisdiction.
Forward-Looking Assertions
This press release includes a number of forward-looking statements within
the meaning of your Private Securities Litigation Alter Act of 1995,
which include without limitation, statements with regards to the completion of the
offering plus the use of proceeds from the supplying. These
forward-looking statements involve quite a few risks and uncertainties of which
could cause actual results to change materially from those expressed or
implied by such promises, including, without limitation, standard
market conditions. These frontward looking statements speak only as of the
date on this press release, and Liberty Media expressly disclaims any
obligation or maybe undertaking to disseminate every updates or revisions to your
forward-looking statement contained herein to mirror any change in
Liberty Medias expectations with regard thereto or any improvement in
events,Air Foamposite sale, conditions or conditions on which any such statement is
based. Please refer to a publicly filed documents involving Liberty Media,
including the hottest Forms 10-Q and 10-K for additional information
pertaining to Liberty Media and about the hazards and uncertainties related to
Liberty Medias business which may affect the transactions made in this
press release.
Information Source: Business Wire
May 5th, 2012 @ 2008:31pm
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