Labeyrie begins consent bid to amend 5 5/8% notes related to merger

By Susanna Moon

Chicago, June 19 – Labeyrie Fine Foods said it began soliciting consents to amend its outstanding 5 5/8% senior secured notes due 2021.

The company is asking holders to approve amendments that would add and modify definitions under the note terms in order to prevent triggering a change of control related to a planned merger with PAI Partners and Lur Berri, according to a press release.

The company must secure consents for at least a majority of the outstanding notes voting as a single class in order to amend the notes.

The consent payment will be €5.00 for each €1,000 of principal amount of notes.

The consent solicitation will end at 11 a.m. ET on June 26.

Consents may be revoked at any time prior to the execution of a supplemental indenture to the notes.

Lucid Issuer Services Ltd. (labeyrie@lucid-is.com and +44 (0)20 7704 0880) is the information and tabulation agent.

Labeyrie is a Cam, France-based specialty foods company.

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