LBI Media Announces Proposed Issuance of $225 Million Senior Subordinated Notes

LBI Media Announces Proposed Issuance of $225 Million Senior Subordinated Notes

BURBANK, Calif., June 21 /PRNewswire/ -- LBI Media, Inc. (the "Company") announced today that it intends to offer $225 million in senior subordinated notes due 2017. The notes would be guaranteed by all of the subsidiaries of the Company.

If consummated, the Company intends to use the net proceeds of the senior subordinated notes to redeem the Company's existing 10 1/8% senior subordinated notes due 2012 and repay outstanding borrowings under its existing senior revolving credit facility, with any remaining net proceeds to be used for general corporate purposes.

This announcement is neither an offer to purchase nor a solicitation of an offer to purchase any security. No security has been registered under the Securities Act of 1933, as amended, and no security will be offered or sold in the United States absent such registration or an applicable exemption from registration requirements.

About LBI Media

LBI Media, Inc. is one of the largest owners and operators of Spanish-language radio and television stations in the United States, based on revenues and number of stations. The Company owns twenty-one radio stations and four television stations serving the Los Angeles, CA, Houston, TX, Dallas-Ft. Worth, TX and San Diego, CA markets. The Company also owns three television production facilities.

Forward Looking Statements

This news announcement contains certain forward-looking statements within the meaning of the U.S. securities laws. These statements are based upon current expectations and involve certain risks and uncertainties, including those related to the expected future operating performance of the Company's radio stations, television stations and studio operations. Forward-looking statements include but are not limited to information preceded by, or that include the words, "believes", "expects", "prospects", "pacings", "anticipates", "could", "estimates", "forecasts" or similar expressions. The reader should note that these statements may be impacted by several factors, including changes in interest rates, general market changes, regulatory changes, and changes in the broadcasting industry generally. Accordingly, the Company's actual performance and results may differ from those anticipated in the forward-looking statements. Please see LBI Media, Inc.'s recent public filings for information about these and other risks that may affect the Company. The Company undertakes no obligation to update or revise the information contained herein because of new information, future events or otherwise.

First Call Analyst:
FCMN Contact:

Source: LBI Media, Inc.

CONTACT: Lenard Liberman, Vice President and CFO of LBI Media, Inc.,
+1-818-563-5722

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