Affiliate of Apollo Extends Previously Announced Change of Control Offer
20 Abril 2012 - 6:10PM
Business Wire
In connection with the announcement by K-9 Acquisition, Inc., an
affiliate of Apollo Global Management (NYSE: APO)
(“Apollo”), and Great Wolf Resorts, Inc. (NASDAQ: WOLF)
(“Great Wolf”) that Apollo had increased its offer price to
acquire Great Wolf to $7.85 per share, K-9 Investors, L.P. (the
“Holding Partnership”), an affiliate of Apollo, announced
today that it has extended the previously announced change of
control offer (the “Change of Control Offer”) for all of the
outstanding 10.875% First Mortgage Notes due 2017 issued by
affiliates of Great Wolf (the “Notes”) so that the Change of
Control Offer will expire simultaneously with Apollo’s revised
equity tender offer.
The Change of Control Offer was previously scheduled to expire
at 9:00 a.m., New York City time, on May 2, 2012. The Holding
Partnership is extending the expiration of the Change of Control
Offer until 9:00 a.m., New York City time, on Friday, May 4, 2012,
unless further extended or earlier terminated. Accordingly, the
tender deadline under the Change of Control Offer is extended to
5:00 p.m., New York City time, on May 1, 2012 and the withdrawal
deadline under the Change of Control Offer is extended to 5:00
p.m., New York City time, on May 2, 2012. The Tender Agent under
the Change of Control Offer has informed the Holding Partnership
that, as of 5:00 p.m. on Thursday, April 19, 2012, $7,000 principal
amount of Notes have been properly tendered in the Change of
Control Offer.
Except as set forth herein, the complete terms and conditions of
the Change of Control Offer remain the same as set forth in the
Change of Control Notice and Offer to Purchase dated March 13,
2012, and the related letter of transmittal.
Any inquiries regarding the Change of Control Offer may be
directed to D.F. King & Co., Inc., the Tender Agent for the
Change of Control Offer, at (212) 269-5550 (collect) or (800)
714-3313 (toll free).
The description contained herein is for informational purposes
only and is neither an offer to buy nor the solicitation of an
offer to sell the Notes or other securities. The Change of Control
Offer described herein will not be made in any jurisdiction in
which, or to or from any person to or from whom, it is unlawful to
make such offer or solicitation under applicable state or foreign
securities or “blue sky” laws.
About Apollo Global Management
Apollo (NYSE: APO) is a leading global alternative investment
manager with offices in New York, Los Angeles, Houston, London,
Frankfurt, Luxembourg, Singapore, Mumbai and Hong Kong. Apollo had
assets under management of more than $75 billion as of December 31,
2011, in private equity, credit-oriented capital markets and real
estate funds invested across a core group of nine industries where
Apollo has considerable knowledge and resources. For more
information about Apollo, please visit http://www.agm.com.
Forward-Looking Statements
Statements herein regarding the Change of Control Offer and any
other statements about future expectations and the intent of any
parties about future actions constitute “forward-looking
statements” as defined in the federal securities laws.
Forward-looking statements may be identified by words such as
“believe,” “expects,” “anticipates,” “projects,” “intends,”
“should,” “estimates” or similar expressions. Such statements are
based upon current beliefs, expectations and assumptions and are
subject to significant risks and uncertainties. There are a number
of important factors that could cause actual results or events to
differ materially from those indicated by such forward-looking
statements. Apollo believes these forward-looking statements are
reasonable; however, undue reliance should not be placed on any
forward-looking statements, which are based on current
expectations. All written and oral forward-looking statements
attributable to Apollo or persons acting on Apollo’s behalf are
qualified in their entirety by these cautionary statements.
Further, forward-looking statements speak only as of the date they
are made, and Apollo undertakes no obligation to update or revise
forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating
results over time unless required by law. Past financial or
operating performance is not necessarily a reliable indicator of
future performance and you should not use our historical
performance to anticipate results or future period trends.
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