Feb. 5, 2013
/PRNewswire/ -- Starz, LLC, a wholly-owned subsidiary of Starz (Nasdaq: STRZA, STRZB), along with a subsidiary Co-Issuer, (collectively the "Co-Issuers") announced today that they have priced
in aggregate principal amount of senior notes due 2019 (the "Notes"), reflecting an increase of
over the initial offering. The Notes are issued as additional notes under the indenture governing the Co-Issuers' existing
5.00% Senior Notes due 2019 ("existing 5% senior notes") and have identical terms to, and will be treated as a single class with, the existing 5% senior notes. The net proceeds from the offering will be used to repay indebtedness under Starz, LLC's existing senior secured credit facility and for general corporate purposes. The offering is expected to close on or about
February 8, 2013
, subject to customary closing conditions.
The Co-Issuers will make the offering pursuant to an exemption under the Securities Act of 1933, as amended (the "Securities Act"). The initial purchasers will offer the Notes only to Qualified Institutional Buyers as permitted under Rule 144A of the Securities Act. The Notes will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in
the United States
absent registration or an applicable exemption from the registration requirements of the Securities Act.
In connection with the offering of the Notes, the Co-Issuers will agree, subject to certain conditions, to file a registration statement relating to a registered offering to exchange the Notes for new registered notes having substantially identical terms as the Notes.
This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy the offered Notes, nor shall there be any sales of Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.