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Trailer Bridge extends exchange offer, tender offer for notes due 2017
By Angela McDaniels
Tacoma, Wash., Nov. 4 – Trailer Bridge, Inc. extended the exchange and tender offers for its secured notes due 2017 to 5 p.m. ET on Nov. 18, according to a company news release.
The company is offering to acquire all of the outstanding notes in exchange for common stock or cash.
All other terms and conditions of the offers remain unchanged.
The company said that based on the amount of tenders received as of 5 p.m. ET on Nov. 3 and giving effect to the agreement entered into with some noteholders committing to participate in the exchange offer, the amount of notes participating in the offers represents 92.7% of the outstanding notes.
Trailer Bridge is a trucking and marine freight carrier based in Jacksonville, Fla.
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