Singer again extends tender for Brazil notes

New York, Aug. 31 - Singer NV said its Brazil Financing Ltd. subsidiary again extended the tender offer for its 10% series A secured notes due 2005 and series B secured notes due 2007 issued by Brazil Financing (II) Ltd.

The offer will now expire at 12 p.m. ET on Sept. 8 instead of 12 p.m. ET on Aug. 31.

Singer said closing remains subject to certain conditions including completion of the acquisition of BFL and other subsidiaries of Singer by KSIN Holdings Ltd.

As of 12 p.m. ET on Aug. 31, holders had tendered $19.94 million principal amount or 88% of the series A notes and $26.73 million principal amount or 88% of the series B notes, both unchanged from the last report as of 12 p.m. ET on Aug. 26.

Singer previously said on Aug. 4 that Brazil Financing had obtained the necessary consents to amend the collateral and fiscal agency agreement for the two series of notes.

The tender price for notes submitted after the consent deadline but before the expiration is par plus accrued interest for the series A notes and $230 per $1,000 principal amount for the series B notes.

D.F. King & Co. Inc. is the information agent (800 769-7666 or call collect +44 20 7920 9700).

Singer is a Curacao, Netherlands Antilles, parent of several companies formerly owned by The Singer Co. NV. It operates household appliance retailers and manufactures sewing machines.

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