Amscan Holdings, Inc. Announces Satisfaction of Consent Condition in Tender Offer for Outstanding 9.875% Senior Subordinated Notes Due 2007.Business Editors ELMSFORD, NY--(BUSINESS WIRE)--April 16, 2004 Amscan Holdings, Inc. announced that as of 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 April 15, 2004, the time and date set as the consent payment deadline, the "consent condition" had been satisfied for Amscan's previously announced cash tender offer for $110.0 million in aggregate principal amount of its outstanding 9.875% Senior Subordinated Notes Due 2007 (the "Notes"). As of the above-stated time and date, holders of a majority of the aggregate principal amount of the Notes had tendered their Notes and provided their consents to effect certain amendments to the indenture An agreement declaring the benefits and obligations of two or more parties, often applicable in the context of Bankruptcy and bond trading. The term indenture primarily describes secured contracts and has several applications in U.S. law. under which the Notes were issued. The tender offer is being made in connection with the previously announced merger of Amscan with a subsidiary of AAH aah interj. Used to express pleasure, satisfaction, surprise, or great joy. intr.v. aahed, aah·ing, aahs To exclaim in pleasure, satisfaction, surprise, or great joy: Holdings Corporation, a company affiliated with Berkshire Partners LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Weston Presidio. The completion of the merger is one of the conditions to Amscan's obligation to accept the Notes for payment pursuant to the tender offer 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 , which is due to expire at 12:00 midnight, New York City time, on April 29, 2004, unless extended or terminated. The terms and conditions of the tender offer and consent solicitation, including Amscan's obligation to accept the Notes tendered and pay the purchase price and consent payments, are set forth in Amscan's Offer to Purchase and Consent Solicitation Statement, dated April 2, 2004. Amscan may amend, extend or, subject to certain conditions, terminate the tender offer and consent solicitation at any time. Amscan has engaged Goldman, Sachs & Co. to act as the exclusive Dealer Manager and Solicitation Agent in connection with the tender offer and consent solicitation. Questions regarding the tender offer and consent solicitation may be directed to Goldman, Sachs & Co., Credit Liability Management Group, at (877) 686-5059 (toll free). Requests for documentation may be directed to Bondholder Bondholder A firm often has stockholders and bondholders. In a liquidation, the bondholders have first priority. bondholder An individual or institution that owns bonds in a corporation or other organization. Communications Group, the information agent for the tender offer and consent solicitation, at (888) 385-2663 (toll free). This announcement is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consents with respect to any securities. The tender offer and consent solicitation is being made solely by the Offer to Purchase and Consent Solicitation Statement, dated April 2, 2004. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . 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. There is no assurance that the offer to purchase will be consummated. |
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