Trailer Bridge extends exchange, tender offers for notes, cuts minimum

New York, Dec. 9 – Trailer Bridge, Inc. again extended the exchange and tender offers for its secured notes due 2017, this time to 5 p.m. ET on Dec. 16 from 5 p.m. ET on Dec. 9.

It was previously extended on Dec. 2 from an earlier deadline of 5 p.m. ET that day ad before that to 5 p.m. ET on Nov. 18.

Trailer Bridge also reduced the minimum response required to 96% of the outstanding notes from 98% originally.

As of the old expiration, 5 p.m. ET on Dec. 9, holders had tendered 96.06% of the outstanding notes.

The tender began on Oct. 7.

As previously announced, the company is offering to acquire all of the outstanding notes in exchange for common stock or cash.

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

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