Sanmina-SCI gets required consents for 6¾%, 8 1/8% notes

By Jennifer Chiou

New York, Sept. 7 - Sanmina-SCI Corp. announced it received consents from holders of a majority of both its $400 million of 6¾% senior subordinated notes due 2013 and $600 million 8 1/8% senior subordinated notes due 2016.

The solicitation expired at 5 p.m. ET on Sept. 6. It began on Aug. 21.

The San Jose, Calif.-based contract electronics manufacturer obtained a waiver until Dec. 14 of any default or event of default that may arise from its failure to file with the Securities and Exchange Commission and furnish to the trustee and holders of notes reports required to be filed under the Securities Exchange Act of 1934.

As previously announced, Sanmina-SCI has not yet filed its 10-Q for the quarter ended July 1 with the SEC.

The company was offering a fee of $16.25 per $1,000 principal amount for the 6¾% notes and $10.00 per $1,000 principal amount for the 8 1/8% notes.

Banc of America Securities LLC (888 292-0070 or 704 388-4813) and Citigroup Corporate and Investment Banking (800 558-3745 or call collect 212 723-6106) are joint solicitation agents. Global Bondholder Services Corp. is information agent and tabulation agent (866 470-3800 or 212 430-3774).

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.