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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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