Trailer Bridge extends exchange and tender offers for notes to Dec. 9

By Angela McDaniels

Tacoma, Wash., Dec. 2 – Trailer Bridge, Inc. extended the exchange and tender offers for its secured notes due 2017 to 5 p.m. ET on Dec. 9 from 5 p.m. ET on Dec. 2, according to a company news release.

The offers were previously extended to 5 p.m. ET on Nov. 18.

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 Dec. 1 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 92.9% of the outstanding notes. That amount is a slight increase from the 92.7% of notes participating as of 5 p.m. ET on Nov. 3.

Trailer Bridge is a trucking and marine freight carrier based in Jacksonville, Fla.

© 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.