Euramax tenders for 8½% notes

New York, May 4 - Euramax International, Inc. said it has begun a tender offer for all its 8½% senior subordinated notes due 2011.

For each $1,000 principal amount, the company is offering the present value minus accrued interest of the $1,042.50 redemption price on the first call date of Aug. 15, 2007 plus interest payable from the settlement date up to the call date, discounted using 50 basis points over the yield of the 3.25% U.S. Treasury note due Aug. 15, 2007.

The total includes a consent payment of $20.00 per $1,000 that will only be paid to holders who tender with consents by the consent deadline of 5 p.m. ET on May 16.

Euramax will also pay accrued interest up to but excluding the payment date.

The Norcross, Ga., maker of aluminum, steel, vinyl and fiberglass products is also soliciting consents to amend the note indenture to eliminate substantially all of the restrictive covenants and certain events of default and to modify the defeasance and certain other provisions.

The tender ends at 5 p.m. ET on June 1.

Conditions to the tender include Euramax receiving tenders of at least a majority of the notes by the expiration date and consents from holders of a majority of the notes, raising proceeds from a new financing transaction and completion of the proposed merger with Emax Merger Sub, Inc., an affiliate of Goldman, Sachs & Co.

Credit Suisse First Boston LLC (800 820-1653 or 212 538-0652) and Goldman, Sachs & Co. (800 828-3182 or 212 357-8664) are dealer managers and solicitation agents. D.F. King & Co., Inc. is the information agent (800 848-2998 or 212 269-5550).

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