LBI Media announces completion of Reorganization Plan

LBI Media, Inc. (with its affiliates, “LBI” or the “Company”) announced it has successfully completed its court-approved reorganization plan and emerged from the chapter 11 process.

With support from its creditors, including HPS Investment Partners, LLC on behalf of the investment funds and accounts it manages or advises, who sponsored the plan of reorganization, the Company has eliminated more than $350 million of debt from its balance sheet and made significant recoveries available to its trade and general unsecured creditors.