Printer Friendly

TPI ENTERPRISES ANNOUNCES AMENDMENT AND EXTENSION OF TENDER OFFER FOR 14-1/4 PERCENT NOTES

 TPI ENTERPRISES ANNOUNCES AMENDMENT AND EXTENSION OF TENDER OFFER
 FOR 14-1/4 PERCENT NOTES
 NEW YORK, July 6 /PRNewswire/ -- TPI Enterprises, Inc. (NASDAQ: TPIE) announced today that it has amended and extended the tender offer for the 14-1/4 percent Senior Subordinated Notes due 1998 which was commenced on June 12, 1992. The aggregate cash consideration payable to holders who validly and timely tender their notes and deliver consents to certain amendments to the indenture has not changed from $1,140 per $1,000 principal amount of Notes, but the allocation of the payment between the purchase price for the Notes and the payment for consents has been amended.
 The new purchase price for the 14-1/4 percent Notes is $1,080 per $1,000 principal amount of Notes plus, for consents to certain amendments to the indenture (which are required to be delivered to validly tender Notes), $60 per $1,000 principal amount of Notes.
 The tender offer and consent solicitation have been extended and are now scheduled to expire at 5 p.m., New York City time, on Monday, July 20, 1992.
 As of the opening of business on July 6, 1992, $27,679,000 aggregate principal amount of the 14-1/4 percent Notes have been tendered pursuant to the tender offer.
 The Dealer Managers for the tender offer and consent solicitation are Kidder, Peabody & Co. Incorporated, BT Securities Corporation and Morgan Schiff & Co., Inc. Kissel-Blake Inc. is acting as the information agent and requests for copies of the tender offer materials should be directed to Kissel-Blake.
 TPI Enterprises, one of the largest restaurant franchises in the United States, currently owns and operates 250 restaurants including 172 Shoney's and 68 Captain D's in nine southern states.
 -0- 7/6/92
 /CONTACT: Joseph P. Gowan of TPI Enterprises, 212-230-2233/
 (TPIE) CO: TPI Enterprises, Inc. ST: New York, Tennessee IN: LEI SU: OFR


LD-KW -- NY066 -- 6785 07/06/92 17:33 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 6, 1992
Words:322
Previous Article:MAZDA ANNOUNCES ADDITIONAL MANAGEMENT CHANGES
Next Article:STATE OF UTAH $5.5 MILLION GO LOAN RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --
Topics:


Related Articles
FOODMAKER ANNOUNCES TENDER OFFERS AND CONSENT SOLICITATIONS
TPI ENTERPRISES ANNOUNCES REFINANCING PLAN IN CONNECTION WITH EXPANSION OF ITS RESTAURANT BUSINESS
TPI ENTERPRISES ANNOUNCES EXECUTION OF $50 MILLION BANK COMMITMENT LETTER AND COMMENCES TENDER OFFER FOR 14-1/4 PERCENT NOTES
CORRECTION TO TPI ENTERPRISES ANNOUNCES EXECUTION OF $50 MILLION BANK COMMITMENT LETTER AND COMMENCES TENDER OFFER FOR 14-1/4 PERCENT NOTES
TPI ENTERPRISES ANNOUNCES 97 PERCENT OF 14-1/4 PERCENT NOTES TENDERED
TPI ENTERPRISES OFFERS CONVERTIBLE DEBENTURES
TPI ENTERPRISES SUCCESSFULLY COMPLETES REFINANCING
TPI ENTERPRISES ANNOUNCES EXERCISE OF OVER-ALLOTMENT OPTION
TPI ENTERPRISES ANNOUNCES OPERATING INCOME UP 292 PERCENT
TPI ENTERPRISES, INC. ANNOUNCES OPERATING INCOME UP 84 PERCENT FOR THE THIRD QUARTER

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters