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NuCO2 subsidiaries extend expiration of consent for four note series
By E. Janene Geiss
Philadelphia, Oct. 17 - NuCO2 Inc. announced that NuCO2 Funding LLC, NuCO2 LLC, NuCO2 Supply LLC, and NuCO2 IP LLC are further extending the expiration time for their previously announced solicitation of consents from the holders of their outstanding 7.25% fixed-rate series 2008-1 senior notes, class A-1; series 2008-1 variable-funding senior rate notes, class A-2; series 2008-1 variable-funding senior rate notes, class A-3; and 7.628% fixed-rate series 2010-1 senior notes, class A-1.
The solicitation will now end at 5 p.m. ET on Oct. 21, extended from 5 p.m. ET on Oct. 14. It began on Sept. 12 and was originally set to expire on Sept. 26. It was subsequently extended to Oct. 3 and then to Oct. 13.
The terms and conditions of the consent solicitation have not changed.
As previously reported, the co-issuers are soliciting consents to proposed amendments that would remove the requirement that the co-issuers obtain a "rating agency confirmation letter" or satisfy the "rating agency condition" for the 9¾% fixed-rate series 2008-1 subordinated notes and any future series of subordinated notes unless otherwise provided for by the terms of the future series of subordinated notes.
Consents are needed from the holders of a majority of the outstanding notes.
The consent fee is $2.50 per $1,000 principal amount of notes.
The solicitation agent is Goldman Sachs & Co. (800 828-3182). The information agent and tabulation agent is Global Bondholder Services Corp. (866 470-4500).
NuCO2 provides fountain and draught beer beverage carbonation products to the restaurant and hospitality industry. It is based in Stuart, Fla.
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