LBI Media Changes Terms Of Note Exchange Offer

Changes Terms Of Note Exchange Offer

LBI MEDIA, INC. has amended some of the terms of its previously announced private exchange offers and consent solicitations for its 8 1/2% senior subordinated notes due 2017 and LBI MEDIA HOLDINGS, INC.'s 11% senior discount notes due 2013 and has extended the expiration date of the offers and solicitations to midnight (ET) on OCTOBER 25th.

The revision allows all noteholders who validly tender their noted before the deadline will receive the larger "total consideration" rather than the lesser "exchange consideration" offered to those who missed the early tender date of JULY 30th.  

In addition, the exchange offers are now offering new 11% second priority secured springing subordinated notes due 2020 instead of the Senior Priority Secured Notes, Junior Priority Senior Secured Notes, and 2012 Senior Subordinated Notes previously offered, and either Second Priority Secured Springing Subordinated Notes or new 11% senior notes due 2017 of LBI MEDIA HOLDINGS for any and all of outstanding Discount Notes.

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