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

Extension Of Early Consent Expiration For Series A, B And C Notes Of White Pine Hydro, LLC

TORONTO, Feb. 14, 2013 /PRNewswire/ -- BIF II US Renewable LLC (the "Offeror"), an affiliate of Brookfield Renewable Energy Partners, announced today that it has extended the Early Consent Expiration and Withdrawal Time of its offer to purchase for cash any and all of the outstanding Series A, B and C Notes of White Pine Hydro, LLC (the "Tender Offer and Consent Solicitation" for the "Notes" of the "Issuer") and has supplemented the Offer to Purchase and Consent Solicitation Statement, dated January 31, 2013 (as supplemented, the "Statement") to increase the Early Consent Payment offered in connection with the Tender Offer and Consent Solicitation and make certain other changes.

The Early Consent Expiration and Withdrawal Time were previously scheduled to expire at 5.00 p.m. New York City time, on February 15, 2013 and have been extended until 5.00 p.m. New York City time, on February 22, 2013 (the "Revised Early Consent Expiration and Withdrawal Time"), unless further extended by the Offeror in its sole discretion.  The Offeror has also supplemented the Statement to increase the Early Consent Payment payable to each holder of the Notes (the "Holders") who validly tenders its Notes, and thereby delivers its consent to the Proposed Amendments set forth in the Statement, to the Tender Agent and Information Agent prior to the Revised Early Consent Expiration and Withdrawal Time. Such Holders who so validly tender and do not validly withdraw shall receive, in addition to a cash amount of $10.00 for each $1,000 principal amount of Notes offered and accepted by the Offeror for payment in the Tender Offer:
  • An additional $15.00 for each $1,000 principal amount of Notes offered and accepted by the Offeror for payment in the Tender Offer;
  • for each series of Notes the payment of an additional amount equal to 45 days of interest on each such series of the Notes; and
  • an undertaking to provide additional consideration within 12 months of the Settlement Date in the event the Offeror or any of its affiliates repays, purchases, makes a subsequent tender offer for or redeems any series of Notes for consideration in excess of the Total Consideration set forth in the Statement as supplemented for each $1,000 principal amount of Notes of such series plus accrued and unpaid interest. 

In addition, the Statement has been supplemented to amend and restate the Proposed Amendments relating to the definitions of "Permitted Refinancing" and "Change of Control" in the indenture under which the Notes were issued (the "Indenture") to clarify meaning. The Statement has also been supplemented to confirm the Offeror's intention to explore possible changes to the rating of the Notes.

1 of 2

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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,102.38 -272.38 -1.66%
S&P 500 1,921.22 -29.91 -1.53%
NASDAQ 4,683.9190 -49.5780 -1.05%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs