AKI, Inc. Announces Receipt of Consents and the Extension of Tender Offers for Senior Notes.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- AKI, Inc. (the "Company") announced today receipt of tenders and consents for approximately 83% of the principal amount outstanding of its 10 1/2% Senior Notes Due 2008 (the "Notes") as of September 1, 2004. The percentage of consents received exceeds the requisite consents needed to amend the Indenture (as defined below). The Company announced that it has extended the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.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. for the Tender Offer (as defined below) to 5:00 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 24, 2004 and that it will also pay the consent payment to all holders of the Notes who validly tender their Notes prior to 5:00 p.m., New York City time, on September 24, 2004. The Notes were tendered pursuant to an Offer to Purchase and Consent Solicitation 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 Statement (the "Offer to Purchase") dated August 19, 2004, which more fully sets forth the terms and conditions of the cash tender offer to purchase any and all of the $103,510,000 outstanding principal amount of the Notes and the consent solicitation to eliminate substantially all of the restrictive and reporting covenants, certain events of default and certain other provisions contained in the indenture governing the notes (the "Tender Offer and Consent Solicitation"). The obligation of the Company to accept for purchase and to pay the purchase price and consent payment for the Notes in the Tender Offer and Consent Solicitation is conditioned on, among other things, the satisfaction or waiver of the conditions to the closing of the transactions previously announced involving affiliates of Kohlberg Kravis Roberts Kohlberg Kravis Roberts & Co (commonly referred to as KKR) is a New York City-based private equity firm that focuses primarily on late-stage leveraged buyouts. It was founded in 1976 by Jerome Kohlberg, Jr., and cousins Henry Kravis and George R. & Co. and DLJ Merchant Banking Partners DLJ Merchant Banking Partners (DLJMB) is a LBO-focused private equity firm of Credit Suisse. DLJMB has offices in New York, London and Los Angeles. External links
AHC American Heritage Center (University of Wyoming, Laramie, WY) AHC American Horse Council AHC Association for History and Computing AHC Australian Heritage Commission AHC Assault Helicopter Company I Acquisition Corp., the Company's parent, with AHC Merger, Inc., a wholly-owned subsidiary of Fusion Acquisition LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , and the contribution of AHC I Acquisition to Jostens Holding Corp. and the receipt of tenders and consents from the holders of at least a majority of the aggregate principal amount of the Notes and outstanding notes of Jostens, Inc., Von Hoffmann Holdings Inc. and Von Hoffmann Corporation, and the execution of a supplemental indenture to each of the indentures governing such notes. As of 5:00 p.m., New York City time, on September 1, 2004, each of Von Hoffmann Holdings, Von Hoffmann Corp. and Jostens, Inc. had received tenders and consents for at least a majority of the aggregate principal amount of their respective notes. As a result of the receipt of the requisite consents in respect of the Notes as of the Consent Date (as defined in the Offer to Purchase), the Company and The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , the trustee under the indenture pursuant to which the Notes were issued (the "Indenture"), will execute a supplemental indenture to the Indenture in order to effect the proposed amendments to the Notes and the Indenture, as provided in the Offer to Purchase. However, the amendments will not become operative with respect to the Notes and the Indenture until the Notes are accepted for purchase by the Company. Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. LLC is acting as dealer manager and solicitation agent for the Tender Offer and Consent Solicitation. The information agent is MacKenzie Partners, Inc. and the Depositary DEPOSITARY, contracts. He with whom a deposit is confided or made. 2. It is, the essence of the contract of deposits that it should be gratuitous on the part 'of the depositary. 9 M. R. 470. is The Bank of New York. Questions regarding the Tender Offer and Consent Solicitation may be directed to Credit Suisse First Boston LLC by telephone at (800) 820-1653 (toll free) and (212) 538-0652 (call collect). Requests for copies of the Offers to Purchase and related documents may be directed to MacKenzie Partners, Inc., by telephone at (800) 322-2885 (toll free) and (212) 929-5500 (call collect) or by email at proxy@mackenziepartners.com. AKI is a leading global marketer and manufacturer of multi-sensory marketing, interactive advertising and sampling systems in the fine fragrance, cosmetics and personal care industries, as well as other consumer products industries, including the household products and food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. industries. This announcement is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consent with respect to any securities. The tender offers and consent solicitations are being made solely by the Offer to Purchase and Consent Solicitation Statements dated August 19, 2004. The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. |
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