SOLA International tenders for 11% notes

New York, Nov. 7 - SOLA International Inc. (Ba3) said it had begun an offer to purchase for cash all €205 million principal amount of its 11% senior notes due 2008, and was also soliciting noteholder consents to proposed indenture changes.

It set 5 p.m. GMT on Nov. 20 as the consent deadline and 9 a.m. GMT on Dec. 8 as the expiration for the tender offer, with both deadlines subject to possible extension.

SOLA, a San Diego-based maker of eyeglass lenses, said that noteholders who tender their notes and deliver valid consents to the proposed amendments on or before the consent deadline (and who do not subsequently withdraw them) will receive both the tender offer consideration and the consent payment. Holders who tender after the consent deadline will only receive the tender offer consideration but not the consent payment. SOLA gave no information as to the likely tender consideration or consent payment. Tendered notes may be withdrawn and consents revoked at any time on or prior to the tender offer expiration date.

UBS Limited and UBS Securities LLC will serve as dealer managers and solicitation agents in connection with the offer (call UBS Limited's Liability Management Group at +44 20 7567-7480 or UBS Securities LLC's Liability Management Group at 203 719-4210). Documentation can be obtained from D.F. King & Co., the information agent (212 269-5550 or +44 20 7920-9700).

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