GenCorp once more extends consent solicitation for 9½% notes due 2013

By Jennifer Chiou

New York, June 22 - GenCorp Inc. again extended its consent solicitation to amend the indenture of its 9½% senior subordinated notes due 2013, this time to 5 p.m. ET on June 22.

The deadline was previously extended to 5 p.m. ET on June 21 from 5 p.m. ET on June 20.

The amendment will permit GenCorp to increase indebtedness under its senior credit agreement.

As announced on June 8, GenCorp is seeking consents from a majority of noteholders and said it will pay a consent fee of $1.25 for each $1,000 principal amount of notes.

Wachovia Securities is the solicitation agent (call collect 704 715-8341 or 866 309-6316). Global Bondholder Services Corp. is the tabulation and information agent (call collect 212 430-3774 or 866 470-4500).

The Sacramento, Calif., company is a technology-based manufacturer of aerospace and defense products.

© 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.