Reichhold Industries, Inc. today announced the extension of the previously announced exchange offer and consent solicitation described in its February 16, 2012 press release. The Company is offering to exchange its outstanding 9% Senior Notes due 2014 for new 9%/11% Senior Secured Notes due 2017 in a principal amount equal to the principal amount of the exchanged notes plus accrued and unpaid interest to but excluding the settlement date.
The Company is extending the Exchange Offer so it can finalize an amendment to its credit agreement. The expiration of the Exchange Offer has been extended to 5:00 p.m., New York City time, on April 26, 2012, unless further extended by the Company. All other conditions of the Exchange Offer currently remain in effect. Eligible holders who have not yet tendered their Unsecured Notes may tender until the Expiration Time, as extended.
As of 5:00 p.m., New York City time, on April 19, 2012, approximately $193.6 million principal amount of Unsecured Notes, representing approximately 99.31% of the outstanding aggregate principal amount of the Unsecured Notes, had been validly tendered in the Exchange Offer.
This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any offer or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Secured Notes being offered in the Exchange Offer have not been registered under the Securities Act of 1933 or under any state securities laws, and cannot be offered or sold in the United States absent registration or an applicable exemption from registration requirements. As a result, the Secured Notes are subject to significant restrictions on transfer and resale.
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