A&P Announces Acceptance for Purchase of All 7 3/4% Notes Due 2007 and 9 1/8% Senior Notes Due 2011 Tendered in the Tender Offers.MONTVALE, N.J. -- The Great Atlantic & Pacific Tea Company, Inc. (NYSE NYSE See: New York Stock Exchange :GAP) announced today that it has accepted for purchase all 7 3/4% Notes due 2007 (the "7 3/4% Notes") and 9 1/8% Senior Notes due 2011 (the "9 1/8% Notes" and, together with the 7 3/4% Notes, the "Notes") tendered pursuant to its tender offers to purchase any and all of the outstanding Notes. The tender offers, which were announced on August 10, 2005, expired at 11:59 p.m., New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on September 7, 2005. As of the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. of the tender offers, $166,710,000 million (83.77%) in principal amount of the outstanding 7 3/4% Notes and $203,660,000 million (94.07%) in principal amount of the outstanding 9 1/8% Notes had been tendered. The purchase price for each $1,000 principal amount of tendered 7 3/4% Notes is $1,045.66 plus accrued ac·crue v. ac·crued, ac·cru·ing, ac·crues v.intr. 1. To come to one as a gain, addition, or increment: interest accruing in my savings account. 2. and unpaid interest on such principal amount to, but not including the payment date. The purchase price for each $1,000 principal amount of tendered 9 1/8% Notes is $1,099.50 plus accrued and unpaid interest on such principal amount to, but not including, the payment date. Payment for tendered Notes will be made today by A&P by depositing the purchase price for all tendered notes in cash with the Tender Agent, which will act as agent for the tendering holders for the purpose of receiving the purchase price and transmitting payment to the tendering holders. Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. Inc. is acting as the sole Dealer Manager and Solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual Agent for the tender offers and the consent solicitations Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with . The Tender Agent and Information Agent is D.F. King & Co., Inc. This press release is neither an offer to purchase nor a solicitation of an offer to sell securities. The tender offers and the consent solicitations are being made only by reference to the Offer to Purchase and Consent Solicitation Statement dated August 10, 2005. Requests for documentation should be directed to D.F. King & Co., Inc. at (800) 949-2583 or (212) 269-5550 in the case of banks and brokerage firms. Questions regarding the tender offers and the consent solicitations should be directed to Lehman Brothers at (212) 528-7581 or toll free at (800) 438-3242. |
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