|
|
Article: Appleton Announces Expiration of Private Exchange Offers and Acceptance of Tendered Notes.
- Article from:
- Science Letter
- Article date:
- October 13, 2009
CopyrightCOPYRIGHT 2009 NewsRX. 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)
|
Appleton Papers Inc. announced the expiration, as of 12:00 midnight, New York City time, on September 25, 2009, of its private offers to exchange its outstanding 8.125% Senior Notes due 2011 and 9.75% Senior Subordinated Notes due 2014 (collectively, the "old notes") for new 11.25% Second Lien Notes due 2015 (the "new notes") (see also Appleton Papers Inc.).
As of the expiration, Appleton had received tenders representing approximately 84% of the outstanding aggregate principal amount of the 8.125% Senior Notes due 2011 and approximately 77% of the outstanding aggregate principal amount of the 9.75% Senior Subordinated Notes due 2014. Pursuant to the terms and ...