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Jackson Products again extends exchange for 9½% notes
New York, Jan. 6 - Jackson Products Inc. said it has again extended the expiration date of its exchange offer for its 9½% senior subordinated notes due 2005.
The offer is now scheduled to expire at 5 p.m. ET Jan. 9 instead of 5 p.m. ET Jan. 5.
As of Jan. 5, holders had tendered $104.7 million or 91% of the $115 million principal amount of notes outstanding, Jackson Products said.
The exchange is conditional on all the outstanding notes being tendered.
The St. Louis manufacturer of safety products did not disclose details of the exchange but said the restructuring includes the issuance of preferred stock and common stock.
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