IKON Office Solutions launches consent solicitation for 7¾% notes

By Laura Lutz

Des Moines, March 16 - IKON Office Solutions began a consent solicitation to amend its $225 million outstanding principal amount of 7¾% senior notes due 2015.

The consent solicitation will expire at 5 p.m. ET on March 29.

Settlement depends on the receipt of consents from holders of at least a majority of the notes.

In a consent solicitation that ended on Jan. 5, IKON failed to receive the consents necessary to amend the notes.

Wachovia Securities, Liability Management Group (704 715-8341), is the solicitation agent, and D.F. King & Co. (212 269-5550 or 800 290-6426) is the information agent.

IKON is based in Malvern, Pa., and provides products and services that help businesses manage document workflow.

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