Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tenders 2009 > News item |
Cott starts cash tender offer for 8% senior subordinated notes
By Jennifer Chiou
New York, Oct. 29 - Cott Corp. announced that its wholly owned subsidiary, Cott Beverages Inc., began a cash tender offer for any and all of its $248.3 million of 8% senior subordinated notes due 2011.
The offer ends at 11:59 p.m. ET on Nov. 27.
Those who tender prior to the early participation payment deadline of 5 p.m. ET on Nov. 12 will receive the total consideration of $1,005 per $1,000 principal amount of notes, including the $30 early payment.
Cott will also pay accrued interest.
The company is also soliciting consents to modify the note indenture to eliminate or modify substantially all restrictive covenants.
It is seeking consents from holders of a majority of the notes.
Barclays Capital Inc. (800 438-3242 or call collect 212 528-7581) is the dealer manager and solicitation agent. MacKenzie Partners, Inc. is the information agent and depositary (800 322-2885 or call collect 212 929-5500).
Cott is a Toronto-based non-alcoholic beverage company and retail brand soft drink company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.