Coltec concludes tender offer.CHARLOTTE, N.C.--(BUSINESS WIRE)--Dec. 19, 1996--Coltec Industries Inc. (NYSE NYSE See: New York Stock Exchange : COT) successfully concluded 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 relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc its outstanding 9-3/4% Senior Notes due 1999, its 9-3/4% Senior Notes due 2000 and its 10-1/4% Senior Subordinated Notes due 2002 and will accept all validly tendered debt securities for payment pursuant to the Offer. The tender offer expired at 12:00 midnight, 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 Dec. 18, 1996. The Payment Date will be Dec. 19, 1996. The tender offer was made pursuant to Coltec's Offer to Purchase and Consent Solicitation Statement dated Nov. 20, 1996. As of 12:00 midnight, New York City time, on Dec. 18, 1996, the following principal amounts of debt securities subject to the tender offer and consent solicitation had been deposited with 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. , as 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. , and not withdrawn. -0- Debt Security Principal Amount Tendered 9-3/4% Senior Notes due 1999 $ 140,493,000 9-3/4% Senior Notes due 2000 183,445,000 10-1/4% Senior Subordinated Notes due 2002 214,071,000 Holders who validly tendered (and did not withdraw) their debt securities at or prior to 12:00 midnight, New York City time, on Dec. 18, 1996, will receive the applicable Tender Offer Consideration. Holders who validly consented to the proposed indenture amendments relating to the debt securities at or prior to 12:00 midnight, New York City time, on Dec. 5, 1996, will receive the applicable Consent Payment. Holders who validly tendered (and did not withdraw) their debt securities at or prior to 12:00 midnight, New York City time, on Dec. 18, 1996, and who validly consented to the proposed indenture amendments at or prior to 12:00 midnight, New York City time, on Dec. 5, 1996, will receive the Total Consideration. Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. Inc. and NationsBanc Capital Markets, Inc. are dealer managers for the tender offer and consent solicitation, and D. F. King & Co., Inc. is the information agent. Coltec Industries is a diversified manufacturing company serving primarily aerospace and general industrial markets. CONTACT: Coltec Industries Michael Dunn Michael Dunn (born Gary Neil Miller, reportedly on February 7, 1934 in Shattuck, Oklahoma; died August 30, 1973 in London) was a successful "little person" American actor. , 704/423-7060 or D. F. King & Co., Inc. John Bibas, 800/714-3313 or Lehman Brothers Inc. David Parsons, 800/438-3242 or NationsBanc Capital Markets, Inc. Rick Ziwot, 800/825-1974 |
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