Belo Announces Proposed Offering of $250 Million in Senior Notes
May 24 2006 - 12:05PM
PR Newswire (US)
DALLAS, May 24 /PRNewswire-FirstCall/ -- Belo Corp. (NYSE:BLC)
announced today its offering of $250 million aggregate principal
amount of unsubordinated and unsecured senior notes due 2013. Belo
intends to use the net proceeds from the offering, which is
scheduled to close on Friday, May 26, 2006, for general corporate
purposes, which may include reducing the outstanding balance under
the Company's senior credit facility. A shelf registration relating
to the offering was filed with the Securities and Exchange
Commission on May 24, 2006. A prospectus supplement relating to
this offering may be obtained from Banc of America Securities LLC,
9 West 57th Street, 6th floor, New York, New York 10019 (telephone
(800) 294-1322, ). This press release does not constitute an offer
to sell or a solicitation of an offer to buy the securities
described herein, nor shall there be any sale of these securities
in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities law of any such jurisdiction. About Belo Belo
Corp. is a media company with a diversified group of television,
newspaper, cable and interactive media assets. Belo operates in
Texas, the Northwest, the Southwest, the Mid-Atlantic and Rhode
Island. Additional information is available at http://www.belo.com/
or by contacting Carey Hendrickson, vice president/Investor
Relations & Corporate Communications, at 214-977-6626.
Statements in this communication concerning Belo's proposed
offering that are not historical facts are "forward-looking
statements" as the term is defined under applicable federal
securities laws. Forward-looking statements are subject to risks,
uncertainties and other factors that could cause actual results to
differ materially from those statements. Such risks, uncertainties
and factors include, but are not limited to, changes in capital
market conditions and prospects, and other factors such as general
economic conditions, as well as other risks detailed in Belo's
other public disclosures, and filings with the Securities and
Exchange Commission ("SEC") including the Annual Report on Form
10-K. DATASOURCE: Belo Corp. CONTACT: Carey Hendrickson, vice
president-Investor Relations & Corporate Communications of Belo
Corp., +1-214-977-6626 Web site: http://www.belo.com/
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