Standard Aero Holdings receives tenders and consents from 100% of holders.
Standard Aero Holdings Inc has received tenders and consents from holders of 100% of the aggregate principal amount of its 81/4% Senior Subordinated Notes due 2014, in connection with its cash tender offer and consent solicitation for the notes, which commenced on 29 June 2007.
The company also said that the offer is being conducted in connection with a previously announced merger, under which Dubai Aerospace Enterprise (DAE) Ltd will acquire Standard Aero Acquisition Holdings Inc, Standard Aero Holdings' direct parent company, and Piedmont/Hawthorne Holdings Inc.
Subject to the terms and conditions of the merger agreement, the acquisition will reportedly be completed through the mergers of SAH Merger Sub Inc and LMA Merger Sub Inc, each of which is an indirect wholly-owned subsidiary of DAE, with and into Standard Aero Holdings and Landmark Aviation, respectively.
As a result of the mergers, Standard Aero Holdings and Landmark Aviation will each become indirect wholly-owned subsidiaries of DAE.
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|Publication:||Airline Industry Information|
|Article Type:||Brief article|
|Date:||Aug 1, 2007|
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