Coinmach Service Corp. Files Registration Statement for Proposed Initial Public Offering of Income Deposit Securities.Business Editors PLAINVIEW, N.Y.--(BUSINESS WIRE)--April 13, 2004 Coinmach Corporation (the "Company") announced today that Coinmach Service Corp. ("CSC (Card Security Code) A three- or four-digit number printed on the back of credit cards for security purposes. Called "Card Verification Value" (CVV) by Visa, "Card Validation Code" (CVC) by MasterCard and "Card Identification (CID) by American Express and Discover, ") filed a registration statement with the Securities and Exchange Commission for an initial public offering of Income Deposit Securities ("IDSs") and the shares of class A common stock and senior secured notes underlying such IDSs. The registration statement also relates to a separate offering of senior secured notes having the same terms as the senior secured notes underlying the IDSs. CSC, a newly-formed company, will become the indirect parent of the Company upon consummation of the offerings and related transactions. In connection with these offerings, CSC expects to (i) redeem a portion of the outstanding 9% senior notes due 2010 of the Company, (ii) repay a portion of the outstanding indebtedness under the Company's existing credit facility and (iii) redeem a portion of the outstanding preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. of Coinmach Laundry Corporation, which upon completion of these offerings will be CSC's direct wholly-owned subsidiary. Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. & Co. will be the underwriter for these offerings and related transactions. A preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders for these offerings and related transactions is not currently available. When available, interested persons may obtain a copy of the preliminary prospectus from Merrill Lynch & Co., 4 World Financial Center, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10080. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The Company is the leading supplier of outsourced laundry equipment services for multi-family housing properties in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The Company's core business involves leasing laundry rooms from building owners and property management companies, installing and servicing laundry equipment, collecting revenues generated from laundry machines, and operating retail laundromats. At December 31, 2003, the Company's core business operated approximately 664,000 washers and dryers in 153,000 leased laundry rooms in approximately 70,000 locations throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . |
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