EXHIBIT 99.3
INTERNATIONAL SPEEDWAY CORPORATION
LETTER TO
DEPOSITORY TRUST COMPANY PARTICIPANTS
FOR
TENDER OF ALL OUTSTANDING 4.20% SENIOR NOTES DUE 2009
IN EXCHANGE FOR
4.20% SENIOR NOTES DUE 2009
AND FOR
TENDER OF ALL OUTSTANDING 5.40% SENIOR NOTES DUE 2014
IN EXCHANGE FOR
REGISTERED 5.40% SENIOR NOTES DUE 2014
THE EXCHANGE OFFER WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON
SEPTEMBER 27, 2004, UNLESS EXTENDED (THE "EXPIRATION DATE").
Outstanding Notes tendered in the Exchange Offer may be withdrawn
at any time prior to 5:00 P.M., New York City time, on the
Expiration Date.
To Depository Trust Company Participants:
We are enclosing herewith the material listed below relating to the offer
by International Speedway Corporation, a Florida corporation (the "Company"), to
exchange its 4.20% Senior Notes due 2009 and its 5.40% Senior Notes due 2014
(the "Registered Notes"), which have been registered under the Securities Act of
1933, as amended (the "Securities Act"), for a like principal amount of its
issued and outstanding 4.20% Senior Notes due 2009 and 5.40% Senior Notes due
2014, respectively (the "Outstanding Notes"), upon the terms and subject to the
conditions set forth in the Company's Prospectus, dated August 24, 2004, and the
related Letter of Transmittal (which together constitute the "Exchange Offer").
Enclosed herewith are copies of the following documents:
1. Prospectus dated August 24, 2004;
2. Letter of Transmittal (together with accompanying Substitute
Form W-9 Guidelines);
3. Notice of Guaranteed Delivery; and
4. Letter that may be sent to your clients for whose account you
hold Outstanding Notes in your name or in the name of your
nominee, with space provided for obtaining such client's
instruction with regard to the Exchange Offer.
We urge you to contact your clients promptly. Please note that the Exchange
Offer will expire on the Expiration Date, unless extended.
The Exchange Offer is not conditioned upon any minimum number of
Outstanding Notes being tendered.
Pursuant to the Letter of Transmittal, each holder of Outstanding Notes
will represent to the Company that (i) the Registered Notes acquired pursuant to
the Exchange Offer are being acquired in the ordinary course of business of the
person receiving such Registered Notes, whether or not the undersigned, (ii)
neither the undersigned nor any such other person is engaging in or intends to
engage in a distribution of the Registered Notes, (iii) neither the undersigned
nor any such other person has an arrangement or understanding with any person to
participate in the distribution within the meaning of the Securities Act of such
Registered Notes, (iv) if the undersigned is not a broker-dealer, or is a
broker-dealer but will not receive Registered Notes for its own account in
exchange for Outstanding Notes, neither the undersigned nor any such other
person is engaged in or intends to participate in the distribution of such
Registered Notes and (v) neither the undersigned nor any such other person is an
"affiliate" of the Company within the meaning of Rule 405 under the Securities
Act or, if the undersigned is an "affiliate," that the undersigned will comply
with the registration and prospectus delivery requirements of the Securities Act
to the extent applicable. If the undersigned is a broker-dealer (whether or not
it is also an "affiliate") that will receive Registered Notes for its own
account in exchange for Outstanding Notes, it represents that such Outstanding
Notes were acquired as a result of market-making activities or other trading
activities, and it acknowledges that it will deliver a prospectus meeting the
requirements of the Securities Act in connection with any resale of such
Registered Notes. By acknowledging that it will deliver and by delivering a
prospectus meeting the requirements of the Securities Act in connection with any
resale of such Registered Notes, the undersigned is not deemed to admit that it
is an "underwriter" within the meaning of the Securities Act.
The enclosed Letter to Clients contains an authorization by the beneficial
owners of the Outstanding Notes for you to make the foregoing representations.
The Company will not pay any fee or commission to any broker or dealer to
any other persons (other than the Exchange Agent) in connection with the
solicitation of tenders of Outstanding Notes pursuant to the Exchange Offer. The
Company will pay or cause to be paid any transfer taxes payable on the transfer
of Outstanding Notes to it, except as otherwise provided in Instruction 7 of the
enclosed Letter of Transmittal.
Additional copies of the enclosed material may be obtained from the
undersigned.
Very truly yours,
INTERNATIONAL SPEEDWAY
CORPORATION
NOTHING HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL CONSTITUTE YOU OR ANY
OTHER PERSON AS AN AGENT OF INTERNATIONAL SPEEDWAY CORPORATION OR THE EXCHANGE
AGENT, OR AUTHORIZE YOU OR ANY OTHER PERSON TO USE ANY DOCUMENT OR MAKE ANY
STATEMENTS ON BEHALF OF EITHER OF THEM WITH RESPECT TO THE EXCHANGE OFFER,
EXCEPT FOR STATEMENTS EXPRESSLY MADE IN THE PROSPECTUS OR THE LETTER OF
TRANSMITTAL.