Dresser, Inc. Successfully Completes Consent Solicitation Related to 9 3/8% Senior Subordinated Notes Due 2011.DALLAS -- Headline of release should read: Dresser, Inc. Successfully Completes 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 Related to 9 3/8% Senior Subordinated Notes Due 2011 (sted Dresser, Inc. Begins 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 Consents from Holders of 9 3/8% Senior Subordinated Notes Due 2011). The corrected release reads: DRESSER, INC. SUCCESSFULLY COMPLETES CONSENT SOLICITATION RELATED TO 9 3/8% SENIOR SUBORDINATED NOTES DUE 2011 Dresser, Inc. announced today that it had received the requisite consents to amend the indenture An agreement declaring the benefits and obligations of two or more parties, often applicable in the context of Bankruptcy and bond trading. The term indenture primarily describes secured contracts and has several applications in U.S. law. governing its 9 3/8% Senior Subordinated Notes Due 2011 effective May 31, 2006. Among the provisions to be amended, the deadlines for reporting the company's 2005 annual and 2006 quarterly financial statements have been extended to Dec. 31, 2006, and March 31, 2007, respectively. Various payments and interest rate increases are associated with these deadlines and other aspects of the amendment. Additional details regarding the amendment and waiver The voluntary surrender of a known right; conduct supporting an inference that a particular right has been relinquished. The term waiver is used in many legal contexts. are contained in the company's Consent Solicitation Statement dated May 9, 2006, as amended on May 26, 2006. The consent solicitation closed 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 May 31, 2006. The supplemental indenture giving effect to the amendment and waiver has been executed, and consents may no longer be revoked. About Dresser, Inc. Dresser, Inc. is a worldwide leader in the design, manufacture and marketing of highly engineered equipment and services sold primarily to customers in the flow control, measurement systems, and compression and power systems segments of the energy industry. Headquartered in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. , Dresser has a comprehensive global presence, with approximately 6,500 employees and a sales presence in more than 100 countries worldwide. The Company's website can be accessed at www.dresser.com. |
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