LIN TV says greenshoe exercised raising convertibles to $125 million

New York, May 16 - LIN TV Corp. said underwriters of the recent sale of 2.50 % exchangeable senior subordinated debentures due 2033 by its LIN Television Corp. subsidiary exercised the $25 million over-allotment option in full, raising the size to $125 million.

The Providence, R.I. television broadcaster originally priced $100 million of the convertibles after the close on May 5 to yield 2.5% with a 72.5% initial conversion premium.

Bookrunners were Deutsche Bank Securities Inc., JPMorgan and Morgan Stanley.

Proceeds will be used to help fund the redemption of LIN Television's $300 million outstanding 8 3/8% senior subordinated notes due 2008 and for general corporate purposes.

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