Belo Closes on Offering of $250 Million in Senior Notes
May 26 2006 - 2:10PM
PR Newswire (US)
DALLAS, May 26 /PRNewswire-FirstCall/ -- Belo Corp. (NYSE:BLC)
announced today that it has closed on an offering of $250 million
aggregate principal amount of 6.75 percent unsubordinated and
unsecured senior notes due 2013. Belo intends to use the net
proceeds from the offering for general corporate purposes, which
may include reducing the outstanding balance under the Company's
senior credit facility. 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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