Big Flower Announces Exchange Offer for its 8 7/8% Senior Subordinated Notes.NEW YORK--(BUSINESS WIRE)--August 21, 1997--Big Flower Press Holdings, Inc. (NYSE NYSE See: New York Stock Exchange :BGF BGF Black Guerrilla Family (Afro-American prison gang symbol/tattoo) BGF Boursier du Gouvernement Français (French) BGF Black Guerilla Family (gang) BGF Best Guy Friend ), commenced today an offer to exchange $1,000 principal amount of its 8 7/8% Senior Subordinated Notes due 2007, which have been registered under the Securities Act of 1993 (the "Securities Act"), for each $1,000 principal amount of its outstanding 8 7/8% Senior Subordinated Notes due 2007 (the "Private Notes"). $250,000,000 in aggregate principal amount of the Private Notes was issued on June 20, 1997 in a private placement pursuant to Rule 144A Rule 144A A Securities & Exchange Commission rule modifying a two-year holding period requirement on privately placed securities to permit qualified institutional buyers to trade these positions among themselves. under the Securities Act. The exchange offer will expire at 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 18, 1997, unless extended by the Company. Big Flower is a leading advertising and marketing services company with expertise in advertising insert programs, circulation-building newspaper products, outsourced digital premedia and content management services, specialized direct mail products, commercial games, and fragrance samplers. Its 1996 annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues were approximately $1.4 billion. CONTACT: Big Flower Press, New York Nancy Murray, 212/521-1606 |
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