Affinity Group starts tender for 11% notes

New York, Jan. 20 - Affinity Group Holding, Inc. said it has begun a cash tender offer for all its 11% senior notes due 2007.

The Ventura, Calif. company also said it is soliciting consents from holders to amend the note indenture.

For holders how tender by the consent deadline of 5.00 p.m. ET on Feb. 2, Affinity will pay $1,036.67 per $1,000 principal amount of the notes plus accrued interest up to but not including the date of payment. The figure includes a $20 per $1,000 principal amount consent payment.

Holders who tender after the consent deadline will receive $1,016.67 per $1,000 principal amount.

The tender expires at midnight ET on Feb. 17.

The tender is conditional upon a minimum tender condition, receipt of the necessary consents and completion by Affinity of an offering of new senior subordinated notes, among other conditions.

CIBC World Markets Corp. (212 885-4489) is dealer manager and solicitation agent for offer. The depositary is The Bank of New York (212 815-3750).

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