Interpool, Inc. Amends Tender Offer and Consent Solicitation for Its Outstanding 6.0% Notes Due 2014
29 Junho 2007 - 9:45PM
Business Wire
Interpool, Inc. (NYSE: IPX) announced today that it has amended its
tender offer for all of the $230 million principal amount of its
outstanding 6.0% Senior Notes due 2014 (the �Notes�), CUSIP Number
46062R AP 3. In connection with the tender offer, consents are
being solicited from noteholders to make certain proposed
amendments to the indenture governing the Notes. The amendment (i)
extends the date of expiration of the consent solicitation to 5:00
p.m., New York City time, on July 3, 2007 (as extended, the
�Consent Date�), (ii) increases the total consideration from
$1,015.00 to $1,027.50 per $1,000 principal amount of the Notes
(the �Total Consideration�) and (iii) amends the amount of the
consent payment that is included in the Total Consideration and
that is payable only in respect of Notes validly tendered with
consents on or prior to the new Consent Date from $20.00 to $0.50
per $1,000 principal amount of the Notes (the �Consent Payment�).
The Total Consideration includes the Consent Payment payable only
in respect of Notes validly tendered with consents on or prior to
the new Consent Date. The Total Consideration less the Consent
Payment is referred to as the �Tender Offer Consideration.� In
addition, holders who validly tender and do not validly withdraw
their Notes in the tender offer will receive accrued and unpaid
interest from the last interest payment date up to, but not
including, the date of payment for the Notes, if the Notes are
accepted for purchase pursuant to the tender offer. Holders who
tender their Notes after the new Consent Date, will not be eligible
to receive the Consent Payment. Any holder validly tendering Notes
after the new Consent Date will, if such Notes are accepted for
purchase pursuant to the tender offer, receive the Tender Offer
Consideration, plus accrued but unpaid interest to, but not
including, the date of payment for the Notes so tendered. The
expiration date of the tender offer, 8:00 a.m., New York City time,
on July 19, 2007, remains unchanged. Except as described above, all
other terms, provisions and conditions of the tender offer and
consent solicitation remain in full force and effect. The terms of
the tender offer and consent solicitation, including the proposed
amendments to the indenture governing the Notes, are described in
the Offer to Purchase and Consent Solicitation Statement dated June
13, 2007, as amended (the �Statement�). The Company has been
informed that holders owning an aggregate of $213,025,000 principal
amount of the Notes have indicated their intention to tender
pursuant to the Offer on or prior to the Consent Date. The
exclusive dealer manager and solicitation agent for the tender
offer and consent solicitation is Bear, Stearns & Co. Inc
(�Bear Stearns�). Questions regarding the tender offer may directed
to Bear Stearns at (877) 696-BEAR (toll free) or (212)�272-5112
(collect). The tender agent for the tender offer is D.F. King &
Co., Inc. Requests for Tender Offer Documents may be directed to
D.F. King & Co., Inc., as information agent for the tender
offer, at 48 Wall Street, 22nd Floor, New York, New York 10005. The
information agent may be contacted at (212) 269-5550 (for banks and
brokers only) and (888) 628-8208 (for all others toll free). This
release does not constitute an offer to purchase, a solicitation of
an offer to sell or a solicitation of consents with respect to any
securities. The tender offer is being made solely by the Statement.
ABOUT INTERPOOL, INC. Interpool is one of the world�s leading
suppliers of equipment and services to the transportation industry.
It is the world�s largest lessor of intermodal container chassis
and a world-leading lessor of cargo containers used in
international trade. CAUTIONARY STATEMENTS This press release
contains certain forward-looking statements regarding future
circumstances. These forward-looking statements are subject to risk
and uncertainties that could cause actual results to differ
materially from those contemplated in such forward-looking
statements, including in particular the risks and uncertainties
described in Interpool�s SEC filings. The company undertakes no
obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof. Note: This press release and other press releases
and information can be viewed at Interpool�s website at
www.interpool.com.
Interpool (NYSE:IPX)
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