CSK Auto Corp. Announces Tender of 12% Notes and Receipt of Related Consents.Business Editors/Automotive Writers PHOENIX--(BUSINESS WIRE)--Dec. 31, 2003 CSK Auto CSK Auto Inc. is the largest specialty retailer of automotive parts and accessories in the western United States and one of the largest retailers of such products in the entire country. Corp. (NYSE NYSE See: New York Stock Exchange : CAO), the parent company of CSK Auto Inc., a specialty retailer in the automotive aftermarket, announced today that the consent date, in connection with the 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 and related cash tender offer of CSK Auto Inc. for all of its $280 million outstanding principal amount of 12% Senior Notes due 2006, occurred today at 5 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. As of today's consent date, CSK Auto Inc. has received tenders of notes and deliveries of related consents from holders of approximately $265 million aggregate principal amount of notes. The supplemental indenture relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the notes has been executed today by CSK Auto Inc. and the trustee under the indenture, but will not become operative until after notes are accepted for payment and purchase pursuant to the tender offer. The tender offer will expire at 12 midnight, New York City time, on Jan. 15, 2004, unless extended by CSK Auto Inc. Tenders of the notes made at or prior to 5 p.m., New York City time, today may no longer be validly withdrawn, except as may be required by law. The consummation of the tender offer is conditioned upon the successful completion of a replacement financing consisting of a new note offering and the amendment of the senior credit facility of CSK Auto Inc., among other conditions. The consideration for notes tendered will be calculated as of 10 a.m., New York City time, on Jan. 2, 2004, based on a fixed-spread pricing formula. The settlement date will be promptly following the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.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. . 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 (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is the Dealer Manager and Solicitation Agent for the tender offer and consent solicitation. Questions regarding the tender offer may be directed to Credit Suisse First Boston's Liability Management Group at 800-820-1653. Request for documents may be directed to MacKenzie Partners Inc., the Information Agent, at 212-929-5500. This press release is not an offer to purchase or a solicitation of acceptance of the offer to purchase, which may be made only pursuant to the terms of the Offer to Purchase and Consent Solicitation Statement and related transmittal documents. The new notes to be offered have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Portions of this release may constitute "forward-looking statements" as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on 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. " protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in the company's performance is contained in the company's filings with the Securities and Exchange Commission. |
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