Sanmina-SCI solicits consents for 6¾%, 8 1/8% notes

New York, Aug. 21 - Sanmina-SCI Corp. announced it is soliciting consents from holders of its $400 million of 6¾% senior subordinated notes due 2013 and $600 million 8 1/8% senior subordinated notes due 2016.

The San Jose, Calif.-based contract electronics manufacturer is requesting a waiver until Dec. 14 of any default or event of default that may arise from its failure to file with the Securities and Exchange Commission and furnish to the trustee and holders of notes reports required to be filed under the Securities Exchange Act of 1934.

As previously announced, Sanmina-SCI has not yet filed its 10-Q for the quarter ended July 1 with the SEC.

The company is offering a fee of $16.25 per $1,000 principal amount for the 6¾% notes and a fee of $10.00 per $1,000 principal amount for the 8 1/8% notes.

Indications of support have been obtained from holders of a majority of the 8 1/8% notes and 48% of the 6¾% notes, Sanmina-SCI said.

The solicitation expires at 5 p.m. ET on Sept. 6.

Banc of America Securities LLC (888 292-0070 or 704 388-4813) and Citigroup Corporate and Investment Banking (800 558-3745 or call collect 212 723-6106) are joint solicitation agents. Global Bondholder Services Corp. is information agent and tabulation agent (866 470-3800 or 212 430-3774).

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