UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): February 5, 2013
Starz, LLC
(Exact name of registrant as specified in its charter)
Delaware |
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333-184551 |
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20-8988475 |
(State or other jurisdiction of incorporation or organization) |
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(Commission File Number) |
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(I.R.S. Employer Identification No.) |
8900 Liberty Circle
Englewood, Colorado 80112
(Address of principal executive offices and zip code)
Registrants telephone number, including area code: (720) 852-7700
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01. Regulation FD Disclosure
On February 5, 2013, Starz, LLC, a wholly-owned subsidiary of Starz, along with a co-issuer subsidiary of Starz, LLC (collectively the Co-Issuers) announced the proposed offering and later announced the pricing of $175 million aggregate principal amount of 5.00% senior notes due 2019 (the Notes), which Notes were offered pursuant to an exemption under the Securities Act of 1933, as amended. The first press release issued on February 5 by the Co-Issuers (attached as Exhibit 99.1 hereto) announced the proposed offering of $150 million aggregate principal amount of the Notes, and the second press release issued later that day by the Co-Issuers (attached as Exhibit 99.2 hereto) announced the pricing of $175 million aggregate principal amount of Notes, reflecting an increase of $25 million over the initial offering. The Notes are being issued as additional notes under the indenture governing Starz, LLCs existing $500 million 5.00% Senior Notes due 2019 (the existing 5% senior notes) and will have identical terms to, and will be treated as a single class with, the existing 5% senior notes. The net proceeds from the offering will be used to repay indebtedness under Starz LLCs existing senior secured credit facility and for general corporate purposes. The offering is expected to close on or about February 8, 2013, subject to customary closing conditions.
This Current Report on Form 8-K and the press releases regarding the Starz, LLC debt offering attached hereto as Exhibit 99.1 and 99.2, respectively, are being furnished to the Securities and Exchange Commission under Item 7.01 of Form 8-K in satisfaction of Regulation FD and shall not be deemed filed for any purpose.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit No. |
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Name |
99.1 |
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Press Release, dated February 5, 2013. |
99.2 |
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Press Release, dated February 5, 2013. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: February 6, 2013
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STARZ, LLC |
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By: |
/s/ J. Steven Beabout |
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Name: J. Steven Beabout |
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Title: Executive Vice President and General Counsel |
Exhibit 99.1
FOR IMMEDIATE RELEASE
STARZ, LLC ANNOUNCES PROPOSED
SENIOR NOTES OFFERING
Englewood, Colo., February 5, 2013 Starz, LLC, a wholly-owned subsidiary of Starz (NASDAQ: STRZA, STRZB), along with a Co-Issuer subsidiary of Starz, LLC (collectively the Co-Issuers) today announced their intention to offer $150 million in aggregate principal amount of senior notes due 2019 (the Notes). The Notes are being issued as additional notes under the indenture governing the Co-Issuers existing $500 million 5.00% Senior Notes due 2019 (existing 5% senior notes) and will have identical terms to, and are expected to be treated as a single class with, the existing 5% senior notes. The net proceeds from the offering will be used to repay indebtedness under Starz existing senior secured credit facility and for general corporate purposes.
The Co-Issuers will make the offering pursuant to an exemption under the Securities Act of 1933, as amended (the Securities Act). The initial purchasers will offer the Notes only to Qualified Institutional Buyers as permitted under Rule 144A of the Securities Act. The Notes will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.
In connection with the offering of the Notes, the Co-Issuers will agree, subject to certain conditions, to file a registration statement relating to a registered offering to exchange the Notes for new registered notes having substantially identical terms as the Notes.
This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy the offered Notes, nor shall there be any sales of Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Forward-Looking Statements
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation, statements about the completion of the offering, the use of proceeds from the offering and the exchange of notes for registered notes. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, general market conditions and our ability to complete the notes offering and the registered exchange offer. These forward looking statements speak only as of the date of this press release, and Starz expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Starz expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed
more
documents of Starz for additional information about Starz and about the risks and uncertainties related to Starz business which may affect the statements made in this press release.
About Starz
Starz (NASDAQ: STRZA, STRZB) is a leading integrated global media and entertainment company with operating units that provide premium subscription video programming on domestic U.S. pay television channels (Starz Networks), global content distribution (Starz Distribution) and animated television and movie production (Starz Animation), www.starz.com.
Starz Networks is a leading provider of premium subscription video programming through the flagship STARZ® and ENCORE® pay TV networks which showcase premium original programming and movies to U.S. multichannel video distributors, including cable operators, satellite television providers, and telecommunications companies. As of September 30, 2012, STARZ and ENCORE serve a combined 55 million subscribers, including 21 million at STARZ, and 34 million at ENCORE, making them the largest pair of premium flagship channels in the U.S. STARZ® and ENCORE®, along with Starz Networks third flagship brand, MOVIEPLEX®, air more than 1,000 movies monthly across 17 linear networks, complemented by On Demand and authenticated online offerings through STARZ PLAY, ENCORE PLAY, and MOVIEPLEX PLAY. Starz Distribution develops, produces and acquires entertainment content, distributing it to consumers globally on DVD, digital formats and traditional television. Starz Distributions home video, digital media and worldwide distribution business units distribute original programming content produced by Starz, as well as entertainment content for itself and third parties. Starz Animation produces animated TV and movie content for studios, networks, distributors and audiences worldwide.
# # #
Contact:
Courtnee Ulrich
Starz Investor Relations
(720) 875-5420
courtnee@libertymedia.com
Exhibit 99.2
FOR IMMEDIATE RELEASE
STARZ, LLC PRICES $175 MILLION OF NEW SENIOR NOTES
Englewood, Colo., February 5, 2013 Starz, LLC, a wholly-owned subsidiary of Starz (NASDAQ: STRZA, STRZB), along with a subsidiary Co-Issuer, (collectively the Co-Issuers) announced today that they have priced $175 million in aggregate principal amount of senior notes due 2019 (the Notes), reflecting an increase of $25 million over the initial offering. The Notes are issued as additional notes under the indenture governing the Co-Issuers existing $500 million 5.00% Senior Notes due 2019 (existing 5% senior notes) and have identical terms to, and will be treated as a single class with, the existing 5% senior notes. The net proceeds from the offering will be used to repay indebtedness under Starz, LLCs existing senior secured credit facility and for general corporate purposes. The offering is expected to close on or about February 8, 2013, subject to customary closing conditions.
The Co-Issuers will make the offering pursuant to an exemption under the Securities Act of 1933, as amended (the Securities Act). The initial purchasers will offer the Notes only to Qualified Institutional Buyers as permitted under Rule 144A of the Securities Act. The Notes will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.
In connection with the offering of the Notes, the Co-Issuers will agree, subject to certain conditions, to file a registration statement relating to a registered offering to exchange the Notes for new registered notes having substantially identical terms as the Notes.
This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy the offered Notes, nor shall there be any sales of Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Forward-Looking Statements
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation, statements about the completion of the offering, the use of proceeds from the offering and the exchange of notes for registered notes. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, general market conditions and our ability to complete the notes offering and the registered exchange offer. These forward looking statements speak only as of the date of this press release, and Starz expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Starz expectations with regard thereto or any change in events,
more
conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of Starz for additional information about Starz and about the risks and uncertainties related to Starz business which may affect the statements made in this press release.
About Starz
Starz (NASDAQ: STRZA, STRZB) is a leading integrated global media and entertainment company with operating units that provide premium subscription video programming on domestic U.S. pay television channels (Starz Networks), global content distribution (Starz Distribution) and animated television and movie production (Starz Animation), www.starz.com.
Starz Networks is a leading provider of premium subscription video programming through the flagship STARZ® and ENCORE® pay TV networks which showcase premium original programming and movies to U.S. multichannel video distributors, including cable operators, satellite television providers, and telecommunications companies. As of September 30, 2012, STARZ and ENCORE serve a combined 55 million subscribers, including 21 million at STARZ, and 34 million at ENCORE, making them the largest pair of premium flagship channels in the U.S. STARZ® and ENCORE®, along with Starz Networks third flagship brand, MOVIEPLEX®, air more than 1,000 movies monthly across 17 linear networks, complemented by On Demand and authenticated online offerings through STARZ PLAY, ENCORE PLAY, and MOVIEPLEX PLAY. Starz Distribution develops, produces and acquires entertainment content, distributing it to consumers globally on DVD, digital formats and traditional television. Starz Distributions home video, digital media and worldwide distribution business units distribute original programming content produced by Starz, as well as entertainment content for itself and third parties. Starz Animation produces animated TV and movie content for studios, networks, distributors and audiences worldwide.
# # #
Contact:
Courtnee Ulrich
Starz Investor Relations
(720) 875-5420
courtnee@libertymedia.com