DAYTONA BEACH, Fla. -- International Speedway Corp. (ISC) has commenced a tender offer to purchase, for cash, up to $100 million aggregate principal amount of its outstanding 5.4 percent senior notes due 2014.

Holders who validly tender their notes prior to 5 p.m. (EDT) on Friday, Oct. 22, and do not validly withdraw their notes at or prior to 5 p.m. on that day will be entitled to receive $1,095 for each $1,000 principal amount of notes accepted for payment, which amount includes an early tender payment of $30 per $1,000 of Notes accepted for payment. Holders who validly tender their notes after such time but on or prior to the Expiration Time will receive $1,065 for each $1,000 principal amount of notes accepted for purchase.  

The settlement date for notes tendered early is expected to be on or about Oct. 25, and the settlement date for notes tendered by the expiration time, but after the early tender deadline, is expected to be on or about Nov. 8.