Starz, LLC Completes Issuance of $175 Million of New Senior Notes

      Starz, LLC Completes Issuance of $175 Million of New Senior Notes

PR Newswire

ENGLEWOOD, Colo., Feb. 8, 2013

ENGLEWOOD, Colo., Feb. 8, 2013 /PRNewswire/ --Starz, LLC, a wholly-owned
subsidiary of Starz (Nasdaq: STRZA, STRZB), along with a subsidiary Co-Issuer,
(collectively the "Co-Issuers") announced today the completion of the
previously announced offering of $175 million in aggregate principal amount of
senior notes due 2019 (the "Notes"). The Notes were 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 are treated as a single class with, the existing 5% senior
notes. The net proceeds from the offering are being used to repay
indebtedness under Starz, LLC's existing senior secured credit facility and
for general corporate purposes.

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The Notes were offered pursuant to an exemption under the Securities Act of
1933, as amended (the "Securities Act"). The Notes are not 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 closing of the Notes offering, the Co-Issuers have
agreed, 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.

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 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
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 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
Distribution's 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

SOURCE Starz

Website: http://www.starz.com
 
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