Printer Friendly

EZ COMMUNICATIONS ANNOUNCES EXPIRATION OF TENDER OFFER FOR NOTES

 EZ COMMUNICATIONS ANNOUNCES EXPIRATION OF TENDER OFFER FOR NOTES
 FAIRFAX, Va., July 27 /PRNewswire/ -- EZ Communications, Inc. announced today that its tender offer for up to $37,800,000 of its 12.70 percent senior subordinated notes due 1996, representing 90 percent of the principal amount of the notes outstanding, expired on Friday, July 24, 1992. Approximately $38,534,000 of notes, representing 91.7 percent of the principal amount of the notes outstanding, was tendered pursuant to the offer. The company expects to purchase $37,800,000 of notes in the offer.
 Accordingly, approximately 98.7 percent of the tendered notes is expected to be purchased on a pro rata basis. The final proration factor is expected to be determined, and payment for the purchased notes is expected to begin, as soon as reasonably practicable, but in any event not later than Thursday, July 30, 1992. Holders of notes purchased pursuant to the offer will receive $1,000 per $1,000 principal amount of notes purchased pursuant to the offer, plus accrued interest up to but not including the date of payment.
 EZ Communications operates a group of radio stations.
 -0- 7/27/92
 /CONTACT: Ron Peele of EZ Communications, 703-591-1000/ CO: EZ Communications Inc. ST: Virginia IN: ENT SU: OFR


SH -- NY028 -- 3377 07/27/92 09:31 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 27, 1992
Words:221
Previous Article:HUMPHREY INC. ANNOUNCES RESULTS
Next Article:INTERPUBLIC GROUP REPORTS RESULTS FOR SECOND QUARTER 1992


Related Articles
EZ COMMUNICATIONS EXTENDS TENDER OFFER
EZ COMMUNICATIONS ANNOUNCES INCREASE IN TENDER OFFER PRICE FOR SENIOR SUBORDINATED NOTES DUE 1996
EZ COMMUNICATIONS ANNOUNCES COMPLETION OF TENDER OFFER
EZ COMMUNICATIONS ANNOUNCES COMPLETION OF TENDER OFFER
Centennial Cellular Corp. Extends Expiration Date in its Tender Offers for its 8-7/8% Senior Notes due 2001 and its 10-1/8% Senior Notes due 2005 and...
Sygnet Extends Tender Offer.
Maxxim Medical, Inc. Extends Cash Tender Offer for its 10-1/2% Senior Subordinated Notes Due 2006 and Resets Price.
Blue Bird Body Company Announces Completion of Cash Tender Offer and Consent Solicitation.
Huntsman Packaging Corporation Announces the Extension of Its Cash Tender Offer for Its 9-1/8% Senior Subordinated Notes Due 2007.
AMF Bowling Worldwide, Inc. Completes Tender Offer of 13% Notes Due 2008 (CUSIP 030985AG0).

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters