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Article: Temple-Inland Receives Majority Tender and Consents in Connection With Debt Tender Offer.
- Article from:
- PR Newswire
- Article date:
- January 31, 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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AUSTIN, Texas -- Temple-Inland Inc. ("Temple-Inland") announced today that as of 5:00 p.m. on January 30, 2002, Temple-Inland's wholly-owned subsidiary, Inland Container Corporation I ("Inland Container"), had received tenders and accompanying consents from the holders of at least a majority in principal amount of each of the 9-3/8% Senior Notes due 2007, 9-3/4% Senior Notes due 2007 and 9-7/8% Senior Subordinated Notes due 2008 (together, the "Notes") of Gaylord Container Corporation ("Gaylord") in response to the previously announced tender offer and consent solicitation (the "Notes Offer") that Temple-Inland, through Inland Container, commenced on January 22, 2002.
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