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Article: FirstCity Financial Announces Extension of Exchange Offer.
- Article from:
- PR Newswire
- Article date:
- December 4, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FirstCity Financial Corporation today announced that it has extended its exchange offer for New Preferred Stock, which will remain open until 12:00 midnight on Friday, December 6, 2002, unless extended. FirstCity has extended the exchange offer while it finalizes documentation to fulfill the closing conditions of the exchange offer, including loan documentation to refinance FirstCity's debt facilities with Bank of Scotland and BoS(USA) Inc. and to provide additional financing to FirstCity, as contemplated by FirstCity's proposed recapitalization. The exchange offer constitutes part of the recapitalization.
FirstCity is offering to exchange each share of its New ...