Einfach E-Mail-Adresse eintragen und auf "Abschicken" klicken - willkommen!
17.7.2006: Meldung: Aventine Renewable Energy Holdings, Inc.: Senior Secured Floating Rate Notes
Aventine Renewable Energy Holdings, Inc. Announces Results of Offer to Purchase and Consent Solicitation for its Senior Secured Floating Rate Notes Due 2011
PEKIN, Ill., July 13 / Aventine Renewable Energy Holdings, Inc. (NYSE: AVR) (the "Company"), today announced the results of its cash tender offer (the "Tender Offer") and consent solicitation (the "Consent Solicitation") launched on June 14, 2006 for all $160,000,000 aggregate principal amount of its outstanding senior secured floating rate notes due 2011 (CUSIP No. 05356XAA4) (the "Notes"), which expired at 8:00 a.m., New York City time, on July 13, 2006 (the "Expiration Time"). The terms of the Tender Offer and Consent Solicitation for the Notes are detailed in the Company"s Offer to Purchase and Consent Solicitation Statement dated June 14, 2006, and related documents (together, the "Tender Documents").
The total consideration, excluding accrued and unpaid interest, for each $1,000 principal amount of Notes validly tendered and not withdrawn at or prior to 5:00 p.m., New York City time, on June 29, 2006 (the "Consent Deadline") was $1,053.10, which includes a consent payment of $30.00. The tender offer consideration, excluding accrued and unpaid interest, for each $1,000 principal amount of Notes validly tendered after the Consent Deadline but at or before the Expiration Time was $1,023.10, which equals the total consideration less the consent payment. Holders whose Notes are accepted for payment in the Tender Offer shall receive the actual accrued and unpaid interest in respect of such purchase Notes from the last interest payment date to, but not including, the payment date for Notes purchased in the Tender Offer.
The Company has been advised by the depositary, Wells Fargo Bank, N.A., that $155,000,000 aggregate principal amount of the Notes were validly tendered for purchase and not withdrawn in the Tender Offer and Consent Solicitation. The Company has agreed to purchase all of such Notes. The Company expects to complete the Tender Offer and Consent Solicitation by making payment for the purchased Notes today to Wells Fargo Bank, N.A., as depositary on behalf of the tendering Noteholders.
As previously announced, the Company received the required consents to approve the proposed amendments to the indenture under which the Notes were issued and the related existing security documents, which proposed amendments provide for the elimination of most of the restrictive covenants and events of default contained in the existing indenture and the release of all of the collateral for the Notes under the existing security documents.
The Dealer Manager for the Tender Offer and Consent Solicitation was J.P. Morgan Securities Inc. ((212) 270-7407, call collect). Requests for documents may be directed to MacKenzie Partners, Inc., the Information Agent, toll-free at (800) 322-2885 (banks and brokers may call collect at (212) 929-5500).
This press release is not an offer to purchase or a solicitation of an offer to sell any securities.
SOURCE Aventine Renewable Energy Holdings, Inc.
PEKIN, Ill., July 13 / Aventine Renewable Energy Holdings, Inc. (NYSE: AVR) (the "Company"), today announced the results of its cash tender offer (the "Tender Offer") and consent solicitation (the "Consent Solicitation") launched on June 14, 2006 for all $160,000,000 aggregate principal amount of its outstanding senior secured floating rate notes due 2011 (CUSIP No. 05356XAA4) (the "Notes"), which expired at 8:00 a.m., New York City time, on July 13, 2006 (the "Expiration Time"). The terms of the Tender Offer and Consent Solicitation for the Notes are detailed in the Company"s Offer to Purchase and Consent Solicitation Statement dated June 14, 2006, and related documents (together, the "Tender Documents").
The total consideration, excluding accrued and unpaid interest, for each $1,000 principal amount of Notes validly tendered and not withdrawn at or prior to 5:00 p.m., New York City time, on June 29, 2006 (the "Consent Deadline") was $1,053.10, which includes a consent payment of $30.00. The tender offer consideration, excluding accrued and unpaid interest, for each $1,000 principal amount of Notes validly tendered after the Consent Deadline but at or before the Expiration Time was $1,023.10, which equals the total consideration less the consent payment. Holders whose Notes are accepted for payment in the Tender Offer shall receive the actual accrued and unpaid interest in respect of such purchase Notes from the last interest payment date to, but not including, the payment date for Notes purchased in the Tender Offer.
The Company has been advised by the depositary, Wells Fargo Bank, N.A., that $155,000,000 aggregate principal amount of the Notes were validly tendered for purchase and not withdrawn in the Tender Offer and Consent Solicitation. The Company has agreed to purchase all of such Notes. The Company expects to complete the Tender Offer and Consent Solicitation by making payment for the purchased Notes today to Wells Fargo Bank, N.A., as depositary on behalf of the tendering Noteholders.
As previously announced, the Company received the required consents to approve the proposed amendments to the indenture under which the Notes were issued and the related existing security documents, which proposed amendments provide for the elimination of most of the restrictive covenants and events of default contained in the existing indenture and the release of all of the collateral for the Notes under the existing security documents.
The Dealer Manager for the Tender Offer and Consent Solicitation was J.P. Morgan Securities Inc. ((212) 270-7407, call collect). Requests for documents may be directed to MacKenzie Partners, Inc., the Information Agent, toll-free at (800) 322-2885 (banks and brokers may call collect at (212) 929-5500).
This press release is not an offer to purchase or a solicitation of an offer to sell any securities.
SOURCE Aventine Renewable Energy Holdings, Inc.