|
|
Article: Appleton Announces Successful Completion of Private Exchange Offer and Consent Solicitations.
- 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 that it has successfully completed its previously announced 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 September 25, 2009, Appleton had received tenders of old notes 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. In exchange for the tendered old notes, ...