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Lender Processing Services Announces Completion Of Tender Offer

Stocks in this article: LPS

JACKSONVILLE, Fla., Oct. 26, 2012 /PRNewswire/ -- Lender Processing Services, Inc. (NYSE: LPS) (the "Company"), a leading provider of integrated technology and services to the mortgage and real estate industries, announced today that it has completed its previously announced tender offer and consent solicitation (the "Tender Offer") for all of its 8.125% Senior Notes due 2016 (the "Notes").

(Logo: http://photos.prnewswire.com/prnh/20120802/FL50731LOGO )

As previously announced, as of 5:00 p.m., Eastern Time, on October 11, 2012 (the "Consent Payment Deadline"), $286,090,000 million aggregate principal amount of the outstanding Notes (representing approximately 79.03% of the Notes outstanding at the commencement of the Tender Offer) had been tendered. The Company exercised its option to accept for payment and settle the Tender Offer with respect to Notes that were validly tendered at or prior to the Consent Payment Deadline (the "Early Settlement"). The Early Settlement occurred on October 12, 2012.

As of midnight, Eastern Time, October 25, 2012 (the "Expiration Date"), an additional $330,000 aggregate principal amount of the outstanding Notes (representing approximately 0.09% of the Notes outstanding at the commencement of the Tender Offer) had been tendered.  The Company accepted for payment and settled the Tender Offer with respect to Notes that were validly tendered after the Consent Payment Deadline but prior to the Expiration Date today.

As previously announced, the Company will redeem any Notes outstanding after the Tender Offer with payment for any redeemed Notes to be made on November 13, 2012.

The tender agent and information agent for the tender offer and consent solicitation was D.F. King & Co., Inc. The sole dealer manager for the tender offer and solicitation agent for the consent solicitation was Wells Fargo Securities, LLC ((866) 309-6316 (toll-free) and (704) 715-8341 (collect)).

The Offer to Purchase and the related Letter of Transmittal (together, the "Offer Documents") have been distributed to holders of Notes.

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