Evergreen International Aviation tenders for 12% notes

By Jennifer Chiou

New York, July 20 - Evergreen International Aviation, Inc. said it began a cash tender offer for any and all of its $215 million of 12% senior second secured notes due 2010.

The McMinnville, Ore.-based aviation services company is also soliciting consents to amend the note indenture to eliminate the principal restrictive covenants, certain events of default and other provisions.

The consent deadline is 5 p.m. ET on Aug. 8. The offer ends at 5 p.m. ET on Aug. 21.

The company said it will pay $1,080 for each $1,000 principal amount of tendered notes and will also pay accrued interest up to the payment date.

The payout includes a consent payment of $30.00 for holders who tender before the consent deadline.

Credit Suisse Securities (USA) LLC is the dealer manager and solicitation agent (call collect 212 325-7596 or 800 820-1653). D.F. King & Co., Inc. is the information agent (800 290-6426 or call collect 212 269-5550).

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