Schuff extends consent solicitation for 10½% notes

New York, Dec. 21 - Schuff International Inc. said it has extended the consent solicitation for its $85 million principal amount of 10½% senior notes due 2008.

The solicitation now expires at 5 p.m. ET on Dec. 28 instead of 5 p.m. ET on Dec. 21.

Schuff announced the solicitation on Dec. 8, saying it was seeking authorization to eliminate its obligation to publicly file financial reports with the Securities and Exchange Commission if Schuff is no longer required to file these reports under federal securities laws and regulations.

Schuff said that if the change is approved it will cease filing with the SEC but would make substantially similar information available to holders of the notes.

For the change to go ahead, the company must have consents from holders of a majority of the notes.

The Phoenix provider of steel construction services is offering a consent fee of $0.25 per $100 principal amount of notes.

Guggenheim Capital Markets LLC is the solicitation agent (contact Joe Bencivenga at 212 381-7500). Global Bondholder Services Corp. is tabulation agent and information agent (212 430-3774).

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