Playtex Products, Inc. Announces Receipt of the Requisite Consents in Connection with its Previously Announced Debt Tender Offer
18 Setembro 2007 - 8:43PM
PR Newswire (US)
WESTPORT, Conn., Sept. 18 /PRNewswire-FirstCall/ -- Playtex
Products, Inc. (the "Company") announced today the results to date
of its previously announced tender offers and consent
solicitations. As of 5:00 p.m., New York City time, on September
18, 2007, tenders and consents had been received from holders of
$217.2 million (74.8%) in aggregate principal amount of the
Company's 8% Senior Secured Notes due 2011 (CUSIP No. 72813PAK6)
(the "8% Notes") and $217.8 million (75.4%) in aggregate principal
amount of the Company's 93/8% Senior Subordinated Notes due 2011
(CUSIP No. 72813PAH3) (the "93/8% Notes" and, together with the 8%
Notes, the "Notes"). The terms of the tender offers and consent
solicitations are set forth in the Company's Offer to Purchase and
Consent Solicitation Statement dated September 5, 2007.
Accordingly, the requisite consents to adopt the proposed
amendments to the indenture governing the 8% Notes and requisite
consents to adopt the proposed amendments to the indenture
governing the 93/8% Notes have been received. Adoption of the
proposed amendments requires the consent of holders of at least a
majority of the aggregate principal amount of the outstanding Notes
of each series. Holders still have until 5:00 p.m., New York City
time, on September 19, 2007 (the "Consent Date") to tender their
Notes and receive the Total Consideration referred to in the Offer
to Purchase, which includes the Consent Payment. The Offer to
Purchase and this notice is not an offer to sell or a solicitation
to buy any securities. The Company's obligation to accept for
purchase and to pay the Total Consideration or Tender Offer
Consideration, as applicable, for each of the Notes validly
tendered in the tender offer is subject to, and conditioned upon,
the satisfaction of or waiver of the following: (1) the Company
shall have received consents which have not been revoked in respect
of at least a majority in principal amount of the Notes of the
applicable series, and (2) that all conditions to the closing of
the previously announced merger of the Company with a subsidiary of
Energizer Holdings, Inc. have been satisfied, or will be satisfied
on the date of such purchase. The Company reserves the right, in
its sole discretion, to waive any or all conditions of the tender
offers on or prior to the acceptance date. The tender offers are
being made only pursuant to the Offer to Purchase. The Company has
retained Banc of America Securities LLC to serve as the exclusive
Dealer Manager and Solicitation Agent for the tender offers and
consent solicitations and Global Bondholder Services Corporation to
serve as the Information Agent. Requests for documents may be
directed to Global Bondholder Services Corporation by telephone at
866-470-4300 (U.S. toll-free). Questions regarding the tender
offers and consent solicitations may be directed to Banc of America
Securities LLC, High Yield Special Products at 888-292-0070 (U.S.
toll-free) or 704-388-9217 (collect). About Playtex Products, Inc.
Celebrating 75 years of innovation, Playtex Products, Inc. is a
leading manufacturer and distributor of a diversified portfolio of
Skin Care, Feminine Care, and Infant Care products, including
Banana Boat, Hawaiian Tropic, Wet Ones, Playtex gloves, Playtex
tampons, Playtex infant feeding products, and Diaper Genie. About
Energizer Holdings, Inc. Energizer Holdings, Inc., headquartered in
St. Louis, Missouri, is a global leader in the dynamic business of
providing portable power and ranks among the world's largest
manufacturers of primary batteries and flashlights. Anchored by our
universally recognized and respected Energizer and Eveready brands,
the portfolio of products includes household batteries, specialty
batteries and battery-powered lighting products. Energizer is also
the parent company of Schick-Wilkinson Sword ("SWS"), the second
largest manufacturer of wet shave products in the world. With two
widely recognized personal care brands, SWS competes successfully
in all three segments of the global wet shave category -- men's
systems, women's systems and disposables. Energizer trades on the
New York Stock Exchange under the symbol ENR. DATASOURCE: Playtex
Products, Inc.; Energizer Holdings, Inc. CONTACT: Banc of America
Securities LLC, +1-888-292-0070 toll free, +1-704-388-9217 Collect
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