Advanced Accessory Holdings to tender for 13¼% senior discount notes, 10¼% notes

By Jennifer Chiou

New York, May 18 - Advanced Accessory Holdings Corp. intends to start a tender offer and consent solicitation for it and its subsidiaries' 13¼% senior discount notes due 2011 and 10¼% senior notes due 2011, according to an 8-K filing with the Securities and Exchange Commission.

The subsidiaries include AAS Acquisitions, LLC, Chaas Acquisitions, LLC and Valley Industries.

The Sterling Heights, Mich., manufacturer of exterior accessories for the automotive original equipment and aftermarket said it plans to tender for the notes as part of its agreement to sell all of the assets of Valley and all Chaas and Advanced Accessory Systems stock to Thule AB.

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