On Nov. 30, Media General subsidiary LIN Television Corp. extended its Change of Control Offer to purchase for cash any and all of its outstanding 5.875% Senior Notes due 2022 until Dec. 7.
Now, the offer has been extended a second time, until 11:59 p.m. Eastern on Wednesday, Dec. 14.
The Notes were issued by LIN at a purchase price of 101% of the principal amount of the Notes, plus any applicable accrued and unpaid interest, with the Jan. 27 merger announcement between Nexstar Broadcasting Group and Media General.
All other terms and conditions of the Change of Control Offer remain unchanged.
According to information provided by The Bank of New York Mellon, the Depositary and Paying Agent for the Change of Control Offer, as of 5 p.m. Eastern on Dec. 7, LIN had received tenders from holders of $28,750,000 in aggregate principal amount of the Notes, representing approximately 7.19% of the total outstanding principal amount of the notes.
By comparison, as of 5 p.m. Eastern on Nov. 30, LIN had received tenders from holders of $29,426,000 in aggregate principal amount of the Notes, representing approximately 7.36% of the total outstanding principal amount.
