Allfirst Financial Inc. and Allfirst Preferred Capital Trust Announce Extension of Exchange Offer.

Business & Financial Editors

BALTIMORE--(BUSINESS WIRE)--Dec. 20, 1999

Allfirst Financial Inc. announced today that it, together the Allfirst Preferred Capital Trust (the "Trust"), has elected to extend its offer to exchange up to $100,000,000 aggregate liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts.

A type of proceeding pursuant to federal Bankruptcy amount of the Trust's Floating Rate Non-Cumulative Subordinated Trust Enhanced Capital Securities, Series A ("Old SKATES Skates may refer to:

Ice skate
Roller skates
Skate Skates, Family of fish
A nickname given to the supporters and fans of Portsmouth F.C. by their rivals, fans of Southampton F.C.

See also

Skate (disambiguation)
Skating

"), of which $100,000,000 aggregate liquidation amount is outstanding, for an equal amount of new Floating Rate Non-Cumulative Subordinated Trust Enhanced Capital Securities, Series A ("New SKATES"), which have been registered under the Securities Act of 1933 and which have the same terms as the Old SKATES. As of December December: see month. 20, 1999, approximately $84.5 million of the Old SKATES had been tendered.

Allfirst Financial Inc. and the Trust are extending the offer to exchange the remaining Old SKATES until 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 Monday Monday: see week. , December 27, 1999.

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Publication:	Business Wire
Geographic Code:	1USA
Date:	Dec 20, 1999
Words:	149
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