Doe Run further extends tender offer for 11¾% notes

By Angela McDaniels

Seattle, Jan. 19 - Doe Run Resources Corp. extended the tender offer for its $218.967 million 11¾% senior notes due 2008 to 5 p.m. ET on Feb. 2, according to a company news release.

Doe Run previously extended the deadline to Jan. 19 from Jan. 4. The offer began on Dec. 5.

Holders who tendered by Dec. 22, the consent deadline, will receive $1,002.50 per $1,000 principal amount of notes, which includes a consent payment of $2.50 per $1,000 principal amount of notes.

Doe Run noted that those who delivered their notes to the depositary by Dec. 28 will also receive the total consideration of $1,002.50.

Those who tendered after that date will receive par. All noteholders who tender will also receive accrued interest up to but excluding the payment date.

The St. Louis-based natural resources company said it received consents from holders of more than half of the notes during the consent solicitation, and the amendments to the note indenture to eliminate substantially all of the restrictive covenants and certain provisions related to events of defaults will become operative following the conclusion of the tender offer.

Wachovia Securities (866 309-6316 or call collect 704 715-8341) is the dealer manager and solicitation agent for the offer, U.S. Bank NA is the depositary and D.F. King & Co., Inc. (800 758-5378 or call collect 212 269-5550) is the information agent.

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