Crystal US Holdings 3 L.L.C. and Crystal US Sub 3 Corp. Extend Exchange Offer for Their 10% Series A Senior Discount Notes Due 2014 and 10 1/2% Series B Senior Discount Notes Due 2014.DALLAS -- Crystal US Holdings 3 L.L.C. and Crystal US Sub 3 Corp., subsidiaries of Celanese Corporation (NYSE NYSE See: New York Stock Exchange :CE), announced today that they extended the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.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. of their offer to exchange all of their outstanding 10% Series A Senior Discount Notes due 2014 and 10 1/2% Series B Senior Discount Notes due 2014 (collectively, the "Outstanding Notes") for an equal principal amount at maturity of their 10% Series A Senior Discount Notes due 2014 and 10 1/2% Series B Senior Discount Notes due 2014, respectively, which have been registered under the Securities Act of 1933 (collectively, the "Exchange Notes"). As a result of the extension, the exchange offer is now scheduled to expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. 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, on June 7, 2005, unless further extended. The exchange offer was originally set to expire at 5:00 p.m., New York City time, on May 27, 2005. As of this date, tenders of approximately $95.1 million aggregate principal amount at maturity, or 89.8%, of the outstanding 10% Series A Senior Discount Notes due 2014 and approximately $441.8 million aggregate principal amount at maturity, or 98.5%, of the outstanding 10 1/2% Series B Senior Discount Notes due 2014, in each case excluding tenders pursuant to the guaranteed delivery procedure, have been received pursuant to the exchange offer. Except for the extension of the expiration date, all of the other terms of the exchange offer remain as set forth in the exchange offer prospectus. This press release is not an offer to exchange the Exchange Notes for the Outstanding Notes 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 exchange, which we are making only through the exchange offer prospectus. Copies of the exchange offer prospectus and related documents may be obtained from 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 exchange agent for the exchange offer, at the following address:
By Registered or Certified By Facsimile By Overnight Courier or
Mail: Transmission: Hand Delivery:
The Bank of New York The Bank of New York
Corporate Trust Operations 212-298-1915 Corporate Trust
Reorganization Unit Operations
101 Barclay Street--7 East To Confirm by Reorganization Unit
New York, NY 10286 Telephone: 101 Barclay Street--7
Attn: Giselle Guadalupe East
Telephone: 212-815-6331 212-815-6331 New York, NY 10286
Attn: Giselle Guadalupe
Telephone: 212-815-6331
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. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 Except for historical information contained herein, the matters set forth in this news release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company's Safe Harbor Compliance Statement for Forward-looking Statements included in the company's filings with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements. |
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