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Article: Wolverine Tube, Inc. Announces Exchange Offer and Consent Solicitation Relating to its 10 1/2 % Senior Notes Due 2009.
- Article from:
- Science Letter
- Article date:
- March 10, 2009
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Wolverine Tube, Inc. ("Wolverine Tube") announced the commencement of an offer (the "Exchange Offer") to each of the holders of its 10-1/2% Senior Notes due 2009 (CUSIP No. 978093AE2) (the "Existing Notes") to exchange, for each $1,000 in principal amount of Existing Notes tendered, at the holder's option, either (A) $1,000 in principal amount of Wolverine Tube's 10% Senior Secured Notes due 2012 (the "New Notes") and a cash exchange fee equal to 2.0% of the principal amount of the New Notes issued to such holder (the "Notes Option") or (B)(i) not more than $850 in principal amount of New Notes, (ii) a cash payment of not less than $150 (the "Cash Consideration"), and ...