CoreComm Announces Filing of Amended S-4 Registration Statement.Business Editors NEW YORK--(BUSINESS WIRE)--April 17, 2002 CoreComm Limited (Nasdaq: COMM), and CoreComm Holdco, Inc. announced today that CoreComm Holdco had filed an amendment to its Form S-4 Registration Statement, which includes an amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. exchange offer prospectus, with the SEC. Under the public exchange offers, CoreComm Holdco is offering its shares of common stock in exchange for CoreComm Limited's common stock and CoreComm Limited's 6% Convertible Subordinated Subordinated A claim ranked lower in priority than other claims. Common stock claims are always subordinated to debt. Notes due 2006. CoreComm Holdco is the new, recapitalized company and the exchange offer represents an opportunity for existing CoreComm Limited shareholders to receive shares in CoreComm Holdco. The amended filing of the exchange offer marks continued progress towards the completion of the final phase of the Companies' previously announced plan of recapitalization Recapitalization Restructuring a company's debt and equity mixture often with the aim of making a company's capital structure more stable. Notes: Companies often want to diversify their debt-to-equity ratio to improve liquidity. . The Companies closed on the recapitalization transactions with substantially all of the debt and 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. holders in December December: see month. 2001. Approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 65.2% of CoreComm Limited's outstanding shares have already been tendered in the public exchange offer. The board of directors of CoreComm Limited believes that the public exchange offers represent the best value for CoreComm Limited's shareholders, and it unanimously recommends that all CoreComm Limited shareholders participate in the exchange offers. If the exchange offer is not successful, CoreComm Limited may be delisted from the Nasdaq National Market soon. This could have an adverse effect on the price and liquidity of CoreComm Limited's common stock. If the exchange offers and related transactions are successfully completed, Nasdaq will transfer the listing to CoreComm Holdco, which will be the publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . The companies also announced that the public exchange offers have been extended until midnight, May 10, 2002. Investors are encouraged to read the information regarding the exchange offers at the end of this release, which describes where you can get more information. The foregoing reference to the exchange offers shall not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy, nor shall there be any sale of shares of common stock of CoreComm Holdco 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. Investors and security holders are urged to read the following documents (including amendments that may be made to them), regarding the exchange offers because they contain important information: - CoreComm Holdco's preliminary prospectus, prospectus supplements and final prospectus; - CoreComm Holdco's registration statement on Form S-4, containing such documents and other information; and - CoreComm Holdco's Schedule TO. These documents and amendments and supplements to these documents have been and will continue to be filed, as they may be amended and supplemented, with the Securities and Exchange Commission. When these and other documents are filed with the SEC, they may be obtained free at the SEC's web site at www.sec.gov See .gov and GovNet. (networking) gov - The top-level domain for US government bodies. . You may also obtain for free each of these documents (when available) from CoreComm Holdco by directing your request to the number listed below. For further information regarding the exchange offers, including obtaining additional copies of the exchange offer materials, we encourage you to contact the information agent: D.F. King & Co., Inc. 77 Water Street 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 , New York 10005 Banks and Brokers Call Collect: (212) 269-5550 All Others Call Toll Free: (800) 848-2998 |
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