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Starz, LLC Completes Issuance Of $175 Million Of New Senior Notes

ENGLEWOOD, Colo., Feb. 8, 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 the completion of the previously announced offering of $175 million in aggregate principal amount of senior notes due 2019 (the "Notes").  The Notes were issued as additional notes under the indenture governing the Co-Issuers' existing $500 million 5.00% Senior Notes due 2019 ("existing 5% senior notes") and have identical terms to, and are treated as a single class with, the existing 5% senior notes.  The net proceeds from the offering are being used to repay indebtedness under Starz, LLC's existing senior secured credit facility and for general corporate purposes. 


The Notes were offered pursuant to an exemption under the Securities Act of 1933, as amended (the "Securities Act").  The Notes are not 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 closing of the Notes offering, the Co-Issuers have agreed, 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.

Forward-Looking StatementsThis press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation, statements about the use of proceeds from the offering and the exchange of notes for registered notes. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, general market conditions and our ability to complete the registered exchange offer. These forward looking statements speak only as of the date of this press release, and Starz expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Starz' expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of Starz for additional information about Starz and about the risks and uncertainties related to Starz' business which may affect the statements made in this press release.

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