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Published on 7/15/2004 in the Prospect News High Yield Daily.

Jefferson Smurfit plans consent solicitation for 7½%, 8¼% notes

New York, July 15 - Jefferson Smurfit Corp. (U.S.) said it expects to conduct a consent solicitation for its 7½% senior notes due 2013 and 8¼% senior notes due 2012.

The solicitation would ask holders to approve amendments to the covenants in the note indenture.

The change will be made as part of the merger of Stone Container Corp., Jefferson Smurfit Corp. (U.S.) and holding company JSCE Inc.

The transaction is intended to simplify and consolidate debt-financing activities.


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