Dayton Superior receives consents needed to amend 13% notes

By Angela McDaniels

Seattle, Dec. 4 - Dayton Superior Corp. said it received the required consents to amend the indenture governing its 13% senior subordinated notes due 2009 and has, therefore, executed the supplemental indenture.

The amendment revises the calculation of the amount of debt Dayton may incur under its credit facilities.

The company will pay $5.00 per $1,000 principal amount of notes for which consents were submitted.

Noteholders who consented will receive an additional payment of $2.50 per $1,000 principal amount of notes if the company's initial public offering is not completed by May 1 and an additional $2.50 per $1,000 principal amount of notes if the initial public offering is not completed by June 1, 2007.

The consent solicitation began on Nov. 10 and ended on Dec. 1.

Global Bondholder Services Corp. (866 857-2200 or 212 430-3774) was the information agent, and Morgan Stanley & Co., Inc. (800 624-1808 or 212 761-1941) was the solicitation agent.

Dayton Superior is a Dayton, Ohio-based manufacturer and distributor of metal accessories and forms used in concrete construction and masonry construction.

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