Amscan Holdings, Inc. Announces Acceptance of $87.2 Million of Notes in Tender Offer for Its Outstanding 9.875% Senior Subordinated Notes Due 2007.Business Editors ELMSFORD, N.Y.--(BUSINESS WIRE)--April 30, 2004 Amscan Holdings, Inc. announced today that its tender offer for all of its outstanding 9.875% Senior Subordinated Notes due 2007 (the "Notes") expired at 12:00 noon, 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, today, and that it has accepted for payment and will purchase all Notes validly tendered pursuant to the tender offer and not withdrawn prior to such expiration. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. 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 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. for the tender offer, approximately $87.2 million in aggregate principal amount of the Notes were validly tendered and not withdrawn. The holders of the tendered Notes who tendered their Notes prior to 5:00 p.m. New York City time on April 15, 2004, the consent payment deadline, will receive $1,035.42 per $1,000 principal amount of the Notes, plus accrued interest Accrued Interest The interest that has accumulated on a bond since the last interest payment up to but not including the settlement date. There are two methods for calculating accrued interest: 1) 360-day year method, used for corporate and municipal bonds. on the tendered Notes up to, but not including, the date of payment of the Notes. Holders who tendered their Notes after the consent payment deadline will receive $1,032.92 per $1,000 principal amount of the Notes, plus accrued interest on the tendered Notes up to, but not including, the date of payment of the Notes. Following the purchase of the Notes accepted in the tender offer, approximately $22.8 million in aggregate principal amount of the Notes will remain outstanding. The aggregate cost to purchase the Notes tendered pursuant to the tender offer was approximately $93.5 million. Goldman, Sachs & Co. acted as Dealer Manager and Solicitation Agent, Bondholder Communications Group acted as the Information Agent and The Bank of New York acted as the Depositary for the tender offer and the related 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 . Persons with questions regarding the tender offer or the consent solicitation should contact Goldman, Sachs & Co., Credit Liability Management Group, at (877) 686-5059 (toll free). Requests for documentation may be directed to Bondholder Communications Group, at (888) 385-2663 (toll free). Amscan designs, manufactures and distributes decorative party goods, including paper and plastic tableware, accessories and novelties. Amscan also designs and distributes home, baby, wedding and other gift items. Any statements released by Amscan that are forward-looking are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Terms such as "intends," "anticipates," "expects," words of similar import and variations on such words are intended to identify forward-looking statements. Investors are cautioned that forward-looking statements necessarily involve risks and uncertainties which are difficult to predict and actual outcomes may materially vary from what is expressed or forecasted in such forward-looking statements. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion