Concordia Bus Nordic extends consent solicitation

New York, April 14 - Concordia Bus Nordic AB said it has extended its solicitation of consents from holders of its 9 1/8% senior secured notes due 2009.

The deadline is now 12 p.m. ET on April 29 instead of 12 p.m. ET on April 13.

Concordia Bus Nordic is seeking approval of amendments and waivers to the note indenture and asking holders to forgo their right to participate in any change-of-control offer caused by the restructuring of Concordia Bus Nordic's parent, Concordia Bus AB.

The consent fee is €5 per €1,000 principal amount.

So far Concordia Bus Nordic has received consents for 23% of the notes.

In March, Concordia Bus AB announced a restructuring under which its €160 million principal amount of 11% senior subordinated notes due 2010 will be exchanged for 96% of the company's ordinary shares.

Concordia is a Solna, Sweden, bus service operator.

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