Superior Essex adds supplemental fee, extends consent solicitation for 9% notes due 2012

By Jennifer Chiou

New York, Aug. 17 - Superior Essex Inc. announced it added a $3.75 per $1,000 principal amount supplemental fee on top of the already announced $2.50 per $1,000 principal amount fee in its consent solicitation for its 9% senior notes due 2012.

The Atlanta wire and cable manufacturer also said it extended the consent solicitation to 5 p.m. ET on Aug. 19 from 5 p.m. ET on Aug. 18.

Those who have already tendered their consents prior to the announcement of the supplemental fee will also receive the additional $6.25 per $1,000 principal amount.

On Aug. 9, Superior Essex subsidiaries Superior Essex Communications LP and Essex Group, Inc. started the consent solicitation for proposed amendments to the indenture to allow the company to form a joint venture with Nexans without restricting their future financial flexibility.

As already announced, the consent solicitation applies only to holders of record on Aug. 4.

MacKenzie Partners, Inc. is the information agent (800 322-2885 or call collect 212 929-5500).

JPMorgan is the solicitation agent (212 270-7407).

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