dcp LLC and dcp Corp. Announce Amendment and Extension of Consent Solicitation for 10 3/4% Senior Secured Notes due 2015

MCLEAN, Va., Sept. 17, 2012 /PRNewswire/ -- dcp LLC and dcp Corp. (collectively, the "Issuers") announced today that they have amended the solicitation of consents from holders of its 10¾% Senior Secured Notes due 2015 (the "Notes") to amend certain provisions of the Indenture governing the Notes, as described in an amended consent solicitation statement (the "Consent Solicitation Statement") being sent by the Issuers to all holders of the Notes as of September 5, 2012, the record date for the consent solicitation.  Pursuant to the amended consent solicitation and subject to the conditions set forth in the Consent Solicitation Statement, the Issuers will pay a consent fee equal to 1.25% of the principal amount of Notes ($12.50 per $1,000 principal amount of Notes) to each holder that has delivered (and not revoked) a valid consent to the proposed amendment to the Indenture governing the Notes at or before 5:00 p.m., New York City time, September 21, 2012.  The consent solicitation is conditioned on the receipt of consents from holders of at least a majority in aggregate principal amount of the outstanding Notes and other customary conditions and will expire at 5:00 p.m., New York City time, on September 21, 2012, unless extended.  Payment of such consent fee will be conditioned upon, and made following, the special distribution as described in the Consent Solicitation Statement and the satisfaction of the other terms and conditions contained in the Consent Solicitation Statement.  The consent solicitation may be amended, extended or terminated, at the option of the Issuers, as set forth in the Consent Solicitation Statement.  For a complete statement of the terms and conditions of the consent solicitation, holders of the Notes should refer to the Consent Solicitation Statement.

The Information Agent in connection with the consent solicitation is Okapi Partners LLC ("Okapi").  The Bank of New York Mellon Trust Company, N.A. is serving as Tabulation Agent in connection with the consent solicitation.  Questions regarding the consent solicitation, requests for assistance in delivering consents or requests for additional copies of the Consent  Solicitation Statement should be directed to Okapi at 877-566-1922 (for holders and all others) or 212-297-0720 (banks and brokerage firms).   

This press release is not a solicitation of consents with respect to any Notes.  This solicitation is being made solely by the Consent Solicitation Statement.  The Issuers reserve the right to modify the Consent Solicitation Statement and the terms and condition of the consent solicitation or to terminate the consent solicitation

About dick clark productions, inc.  
Through its wholly owned subsidiary, dick clark productions, inc. (together with dcp LLC's other operating subsidiaries, "dcp"), dcp LLC is one of the world's premier production companies and a leading independent producer of a wide range of television programming for broadcast networks, cable networks and distributors. dcp produces some of the most watched and iconic live television programming, including the American Music Awards, the Academy of Country Music Awards, the Golden Globe Awards and New Year's Rockin' Eve.  dcp co-produces (and co-owns) So You Think You Can Dance together with 19 Entertainment.

This press release may contain "forward-looking" statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking" statements are any statements that are not based on historical information. Statements other than statements of historical facts included in this press release, including, without limitation, statements regarding our future financial position, business strategy, budgets, projected costs and plans and objectives of management for future operations, are "forward-looking" statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "anticipate," "intend," "plan," "believe," "seek," "estimate" or "continue" or the negative of such words or variations of such words and similar expressions. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements and the Issuers can give no assurance that such forward-looking statements will prove to be correct. Important factors could cause actual results to differ materially from those expressed or implied by the forward-looking statements, or "cautionary statements".  The Issuers undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. All subsequent written and oral forward-looking statements attributable to the Issuers, or persons acting on their behalf, are expressly qualified in their entirety by the cautionary statements included in this press release.

SOURCE Okapi Partners LLC

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