Capstar Radio Broadcasting Partners Completes Change of Control Offer for Its 9 1/4 % Senior Subordinated Notes.AUSTIN and DALLAS, Texas--(BUSINESS WIRE)--Sept. 16, 1999-- Capstar Radio Broadcasting The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Partners, Inc. ("Capstar Radio"), an indirect subsidiary of AMFM AMFM Association of Marriage and Family Ministries AMFM Automated Mapping Facilities Management AMFM Association des Modélistes Ferroviaires de Montréal (French: Montreal Railroad Modelers Association) Inc. (NYSE NYSE See: New York Stock Exchange :AFM (Atomic Force Microscope) A device used to image materials at the atomic level. AFMs are used to solve processing and materials problems in electronics, telecom, biology and other high-tech industries. ) ("AMFM," formerly Chancellor Media Corporation), announced today that it completed its change of control offer (the "Change of Control Offer") to purchase its 9 1/4 % Senior Subordinated Notes due 2007 (the "Notes"). The Change of Control Offer was required following the acquisition of the Company's former ultimate parent, Capstar Broadcasting Corporation, by AMFM Inc. The Change of Control Offer, which commenced on July 27, 1999, expired at 5:00 p.m. New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on Wednesday, August 25, 1999 (the "Expiration Date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. "), and the Company paid for all shares delivered pursuant to the Change of Control Offer on Thursday, August 26, 1999. As of the Expiration Date, $66,025,000 in aggregate principal amount of the Notes representing 33.0% of the then outstanding Notes had been delivered for repurchase pursuant to the Change of Control Offer. All Notes validly delivered for repurchase pursuant to the Change of Control Offer were accepted for payment. United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Trust Company served as the Dealer Manager for the Change of Control Offer. Capstar Radio is an indirect subsidiary of AMFM, the nation's largest radio broadcasting entity, consisting of the AMFM Radio Group, including the AMFM Radio Networks and the Chancellor Marketing Group, and the AMFM New Media Group, including Katz Media and AMFM's Internet operations. Reflecting announced transactions, AMFM Radio Group with approximately 451 stations in 101 markets reaches a weekly listener base of 65 million people. The AMFM Radio Networks offers syndicated programming nationwide. Chancellor Marketing Group is a full-service sales promotion firm developing integrated marketing programs for Fortune 1000 companies. AMFM's Katz Media is the only full-service media representation firm in the United States serving multiple types of electronic media. AMFM's Internet operations focus on developing AMFM's E-commerce web sites, streaming online broadcasts of AMFM's on-air programming and other media, and promoting emerging Internet and new media concerns. |
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