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April 1, 2013 /CNW/ - Livingston International Inc. ("
Livingston") announced today the extension of its tender offer for its
$135,000,000 principal amount of 10.125% Senior Unsecured Notes due 2015 (the "
5:00 p.m. (
April 12, 2013 (the "
New Expiration Time"). The terms and conditions of the tender offer are set forth in the Offer to Purchase and Consent Solicitation Statement dated
March 5, 2013 and the related Consent and Letter of Transmittal (collectively, the "
As a result of the extension, Livingston will calculate the Total Consideration and Offer Consideration (each as defined in the Offer Documents) on
April 10, 2013 (the Price Determination Date, as defined in the Offer Documents), using the methodology described in the Offer Documents. Livingston intends to announce the results of such calculations on the same date.
As previously announced, as of
5:00 p.m. (
March 19, 2013 (the Early Participation Time, as defined in the Offer Documents), approximately
$130.1 million or 97.5% of the aggregate principal amount of the outstanding Notes had been validly tendered and not withdrawn (as reported by the depositary).
The obligation of Livingston to accept for purchase and make payment for the Notes pursuant to the tender offer remains conditioned on, among other things, the satisfaction or waiver of the General Conditions (as defined in the Offer Documents) and the consummation by Livingston of new credit facilities in a principal amount and on terms and conditions satisfactory to Livingston, in its sole discretion, as described in more detail in the Offer Documents. If any of the tender offer conditions are not satisfied or waived, Livingston will not be obligated to accept for purchase or make payment for any Notes tendered pursuant to the tender offer or may terminate the tender offer. Subject to the satisfaction or waiver of the conditions of the tender offer, Livingston expects to accept for purchase and make payment to the depositary for Notes validly tendered prior to the New Expiration Time on or before
April 17, 2013.
RBC Dominion Securities Inc. and Morgan Stanley & Co. LLC are acting as dealer managers for the tender offer. Questions about the tender offer may be directed to RBC Dominion Securities Inc. at 1-877-381-2099 or 1-416-842-6311 and to Morgan Stanley & Co. LLC at 1-800-624-1808 or 1-212-761-1057. Requests for documentation should be directed to Georgeson Shareholder Communications Canada Inc., the information agent for the tender offer, at 1-866-656-4104 or by e-mail to
firstname.lastname@example.org. Questions regarding procedures for tendering Notes should be directed to Computershare Investor Services Inc., the depositary for the tender offer, at 1-800-564-6253 or by e-mail to
This release is neither an offer to purchase nor a solicitation to sell any Notes. The tender offer is being made solely pursuant to the Offer Documents. The tender offer is not being made to holders of Notes in any jurisdiction in which the tender offer would not be in compliance with the laws of such jurisdiction. None of Livingston, the dealer managers and solicitation agents, the depositary or the information agent is making any recommendation regarding the tender offer.