Interpool resets consent deadline for tender offer on 6% notes

By Susanna Moon

Chicago, June 27 - Interpool, Inc. said it extended the consent deadline for the tender offer on its $230 million of 6% senior notes due 2014.

The consent deadline is now 5 p.m. ET June 28, extended from June 26.

Interpool is also soliciting consents to amend the note indenture to, among other things, eliminate substantially all of the restrictive covenants, certain events of default and certain other provisions contained in the indenture.

The company said it will pay $1,015 per $1,000 principal amount of notes, which includes a $20 consent payment for those who tender by the consent deadline.

Interpool will also pay accrued interest up to the payment date.

The tender offer ends 8 a.m. ET on July 19.

The company requires consents from holders of a majority of the notes, sufficient financing as well as the consummation of the merger of Interpool and Chariot Acquisition Sub, Inc., an indirect wholly owned subsidiary of funds managed by affiliates of Fortress Investment Group LLC.

The tender is not a condition of the merger.

The dealer manager is Bear, Stearns & Co. Inc. (877 696-BEAR or call collect 212 272-5112). The information agent is D.F. King & Co., Inc. (call collect 212 269-5550 or 800 628-8208).

The Princeton, N.J.-based company supplies equipment and services to the transportation industry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.