Polypore extends tender for 8¾% dollar, euro notes

New York, Aug. 17 - Polypore Inc. said it extended its offer to buy up to $65 million principal amount of its 8¾% senior subordinated dollar notes due 2012 and up to €44 million principal amount of its 8¾% senior subordinated euro notes due 2012 for 30 days.

The offer will now expire at 5 p.m. ET on Sept. 30 instead of 5 p.m. ET on Aug. 31.

The Charlotte, N.C., manufacturer of polymer-based membranes used in separation and filtration processes said it is making a separate offer for each series of notes.

There is no minimum of notes that must be tendered.

The offers are subject to various conditions including completion of the planned initial public offering of common stock by Polypore's parent, Polypore International Inc.

Polypore International has postponed its initial public offering due to adverse market conditions, the company noted.

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