14.8.2007: Meldung: Aventine Renewable Energy Holdings, Inc.: Results of Exchange Offer
Monday August 13, 5:13 pm ET
PEKIN, Ill., Aug. 13, 2007 -- Aventine Renewable Energy Holdings, Inc. (the ``Company""), a leading producer, marketer and end-to-end provider of clean renewable energy, today announced the results of its exchange offer (the ``Exchange Offer"") launched on July 12, 2007. The Company had offered to exchange up to $300 million of 10.0% senior unsecured fixed rate notes due 2017 (the ``New Notes"") (CUSIP No. 053505AA1), which have been registered under the Securities Act of 1933, as amended, for its outstanding unregistered 10.0% senior unsecured fixed rate notes due 2017 (the ``Original Notes""). The Exchange Offer expired at 5:00 p.m., New York City time, on August 10, 2007. The terms of the Exchange Offer are detailed in the Company"s Offer to Exchange Prospectus dated July 12, 2007, and related documents.
The Company has been advised by the exchange agent, Wells Fargo Bank, N.A., that all $300 million aggregate principal amount of the Original Notes were validly tendered for exchange and not withdrawn in the Exchange Offer. The Company has agreed to accept for exchange all of such Original Notes. The Company expects Wells Fargo Bank, N.A. to complete the Exchange Offer, by issuing New Notes to the tendering Original Noteholders.
The Exchange Offer was conducted to satisfy the Company"s obligations under the terms of a registration rights agreement entered into as part of a private placement financing transaction completed in March 2007 and does not represent a new financing transaction. The Company will not receive any proceeds from the Exchange Offer.
The Exchange Agent for the Exchange Offer was Wells Fargo Bank, N.A., Corporate Trust Operations, MAC N9303-121, PO Box 1517, Minneapolis, MN 55480 (Tel. (612) 667-9764).
This press release is not an offer to exchange nor a solicitation of an offer to sell any securities.
Aventine Renewable Energy Holdings, Inc.
Les Nelson, Director - Investor Relations
Source: Aventine Renewable Energy Holdings, Inc.