BMC Software solicits consents for 7¼% notes related to Boxer merger

By Susanna Moon

Chicago, June 7 - BMC Software said it began a consent solicitation to amend the change-of-control provision under its 7¼% notes due 2018.

The proposed amendments are being sought in connection with the merger plan with Boxer Parent Co. Inc., according to a company press release.

The acquisition would constitute a change of control under the note terms, so the company is seeking consents from noteholders to amend the definition of "change of control," the release noted.

The solicitation will end at 5 p.m. ET on June 19.

The company must obtain consents from holders of at least a majority of the outstanding notes.

The consent fee will be $3.75 in cash for each $1,000 principal amount. Holders must be of record as of 5 p.m. ET on June 6.

Credit Suisse Securities (USA) LLC (800 820-1653 or collect 212 538-2147) is the solicitation agent. D.F. King & Co., Inc. (800 967-5550, for banks and brokers call 212 269-5550, fax 212 809-8838 and confirmation at 212 709-3328) is the information and tabulation agent. Wells Fargo Bank, NA is the trustee.

The software company is based in Houston.

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