Seat Pagine: Lighthouse gets tenders from 98.37% of 8% noteholders

By Caroline Salls

Pittsburgh, Aug. 30 - Seat Pagine Gialle SpA said that Lighthouse International Co. SA had received valid tenders from holders representing 98.37% principal amount of Lighthouse's €1.3 billion outstanding of 8% senior notes due 2014 as of 11:59 p.m. ET on Aug. 29, according to a Seat Pagine news release.

The tenders were received in connection with a consent solicitation exercise launched by Lighthouse on Aug. 1.

As previously reported, following the merger by absorption of Lighthouse into Seat on Aug. 31, the exchangeable bonds issued by Lighthouse will be exchanged with new bonds to be issued by Seat under the indenture governing its existing €550 million of 10½% senior secured notes due 2017.

Seat Pagine Gialle is a yellow pages company based in Torino, Italy.

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