This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Discover Announces Extension Of Exchange Offer For Its 5.200% Senior Notes Due 2022

Discover Financial Services (the “Company”) (NYSE: DFS) announced today that it will extend its offer to exchange $321,516,000 of its 5.200% Senior Notes due 2022, which have been registered under the Securities Act of 1933 (the “exchange notes”), for $321,516,000 of its 5.200% Senior Notes due 2022, which were issued on April 27, 2012 and May 8, 2012 in a private placement (the “original notes”). All other terms of the exchange offer, as described in the prospectus dated October 5, 2012, remain unchanged.

The exchange offer was scheduled to expire at 5:00 p.m., New York City time, on November 6, 2012. The exchange offer will now expire at 5:00 p.m., New York City time, on November 15, 2012, unless further extended by the Company. The Company has been advised by its exchange agent that as of November 2, 2012 at 5:30 p.m., New York City time, $167,434,000 in aggregate principal amount of the original notes had been validly tendered in exchange for an equal amount of exchange notes.

In light of the widespread and continuing impact of Hurricane Sandy, the exchange offer is being extended in order to provide holders of the original notes who have not yet tendered their notes additional time to do so.

This press release is not an offer to buy or sell or a solicitation of an offer to buy or sell any security. The exchange offer is being made solely by the prospectus and related letter of transmittal and only to such persons and in such jurisdictions as is permitted under applicable law. A registration statement on Form S-4 relating to the exchange offer was declared effective by the Securities and Exchange Commission on October 5, 2012.



Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs