$600 millionin aggregate principal amount of 2.80 percent notes due 2020, at a price equal to 99.659 percent of the principal amount
$400 millionin aggregate principal amount of 3.50 percent notes due 2022, at a price equal to 99.69 percent of the principal amount
$500 millionin aggregate principal amount of 3.95 percent notes due 2025, at a price equal to 99.81 percent of the principal amount
Scripps Networks Interactive intends to use the net proceeds from this offering, as well as cash on hand and borrowings under its revolving credit facility, to complete the acquisition of Polish media company TVN, to refinance certain TVN debt and for general corporate purposes. The sale of the senior unsecured notes is expected to close on
The joint book-running managers for the offering are
The offering of Senior Notes is being made pursuant to an effective shelf registration statement filed with the
|-¢|| J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York, 10179, |
Attention: Investment Grade Syndicate Desk, 3rd Floor,
telephone collect at 212-834-4533
Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 11th Floor,
Mitsubishi UFJ Securities (USA), Inc., 1633 Broadway, 29th Floor, New York, NY, 10019-6708
Attn: Capital Markets Group, Toll-free #: 877-649-6848
Wells Fargo Securities, LLC, 608 2nd Avenue, South Minneapolis, MN 55402,
Scripps Networks Interactive Investor Relations at 1-865-694-2700
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of the Senior Notes referred to above. No offer to sell or solicitation of an offer to buy such Senior Notes shall be made in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.
About Scripps Networks Interactive
This press release contains certain forward-looking statements related to the Company's businesses that are based on management's current expectations. Forward-looking statements are subject to certain risks, trends and uncertainties, including changes in advertising demand and other economic conditions that could cause actual results to differ materially from the expectations expressed in forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. The Company's written policy on forward-looking statements can be found on page F-4 of its 2014 Form 10-K filed with the
The Company undertakes no obligation to publicly update any forward-looking statements to reflect events or circumstances after the date the statement is made.
Scripps Networks Interactive, Inc.
Mike Gallentine, 865-560-4473
Dylan Jones, 865-560-5068
Lee Hall, 865-560-3853