MSW accepts $4.2 million 8½% notes, $0.9 million 7 3/8% notes in change-of-control offer

By Jennifer Chiou

New York, July 26 - MSW Energy Holdings II LLC and MSW Energy Finance Co. II, Inc. announced they accepted tenders for $4,215,000 of their $200 million 8½% senior secured notes due Sept. 1, 2010 and $0.9 million of their $225 million 7 3/8% senior secured notes due 2010.

The offer expired at midnight ET on July 22.

Wells Fargo Bank, NA was depositary and paying agent.

The Fairfield, N.J, companies, which will pay 101% or par plus accrued interest for the notes on July 26, began the offer on June 30 after the acquisition of American Ref-Fuel Holdings Corp. by Covanta Energy Corp.

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