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Prospect News home > News index > List of issuers T > Headlines for Tenders 2005 > News item |
Ispat increases consent payment
New York, March 4 - Ispat Inland Inc. said that its Ispat Inland ULC affiliate has increased the consent payment on offer to holders of its senior secured floating-rate notes due 2010 and 9¾% senior secured notes due 2014.
The payment is now $2.50 per $1,000 principal amount.
The East Chicago, Ind., subsidiary of steelmaker Mittal Steel Co. NV also extended the expiration to 5 p.m. ET on March 8.
Ispat needs consents from holders of a majority of the notes.
UBS Securities LLC is solicitation agent (contact Liability Management Group collect at 203 719-4210 or 888 722-9555 x4210). Global Bondholder Services Corp. is information agent (call collect 212 430-3774 or 866 470-4300).
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