Flooring America, Inc. Announces Extension of Redemption and Consent Solicitation for Senior Subordinated Notes.Business Editors KENNESAW, Ga.--(BUSINESS WIRE)--Feb. 28, 2000 Flooring America, Inc. (NYSE NYSE See: New York Stock Exchange : FRA Fra: see Angelico, Fra; Bartolommeo di Pagholo del Fattorino, Fra; Fra Filippo Lippi under Lippi. ) announced today that it has amended the terms of the 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 the company's senior subordinated notes to extend the expiration date from 5:00 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 Feb. 28, 2000 to 5:00 P.M., New York City time, March 1, 2000. As of Feb. 28, 2000, the holders of $96.0 million of outstanding senior notes had tendered their notes for consent and the partial redemption offer by the company. Banc of America Securities LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is the exclusive dealer manager for the offer and the solicitation agent. Information regarding the tender and delivery procedures is contained in the Offer to Purchase and Consent Solicitation dated Nov. 1, 1999, and related documents. Copies of these documents can be obtained by contacting Banc of America Securities, Liability Management Group, at 888/292-0070 or 704/388-4813, or Beacon Hill Partners at 800/755-5001. Located in the Atlanta suburb of Kennesaw, Flooring America is a leading specialty retailer of floor covering products and the industry's only publicly traded franchiser. The company's retail network extends to 1,000 locations, including 300 company owned operations. |
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