OVERLAND PARK, Kan., Oct. 3, 2016 /PRNewswire/ -- Lansing Trade Group, LLC and its wholly-owned subsidiary, Lansing Finance Company, Inc. (collectively, the "Company"), announced today the completion of their previously announced cash tender offer (the "Tender Offer") and consent solicitation (the "Consent Solicitation") to purchase any and all of their outstanding 9.25% Senior Notes due 2019 (the "Notes"). The Tender Offer expired at 11:59 p.m. New York City time, on September 30, 2016 (the "Expiration Time") and $119.114 million of Notes have been validly tendered and not withdrawn. Accordingly, the Company has received the requisite consents for the proposed amendments to the indenture governing the Notes to eliminate most of the covenants and certain default provisions applicable to the Notes. The remaining conditions upon which the consummation of the tender offer and consent solicitation are subject have also been satisfied. As a result, on October 3, 2016, payment of the tender offer consideration and early tender premium, if applicable, to holders who validly tendered and did not withdraw Notes as of the Expiration Time is expected to be made and the supplement to the Indenture implementing the Proposed Amendments will become operative.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation or sale will be made in any jurisdiction in which such an offer, solicitation or sale would be unlawful.
Requests for documents relating to the Tender Offer may be directed to Global Bondholder Services Corporation, the Information Agent and Tender Agent, at (212) 430-3774 (for banks and brokers) or (866) 470-3700 (for all others). BofA Merrill Lynch acted as Dealer Manager for the Tender Offer and Solicitation Agent for the Consent Solicitation. Questions regarding the Tender Offer and Consent Solicitation may be directed to BofA Merrill Lynch, at (888) 292-0070 (U.S. toll-free) or (980) 388-3846 (collect).
About Lansing Trade Group
Lansing Trade Group, LLC is a commodity merchandising company largely focused on the movement of physical commodities including grains, feed ingredients and energy products within North America and internationally. Headquartered in Overland Park, Kansas, the Company has offices throughout North America, as well as offices in the United Kingdom, and Brazil.
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "forecast," "estimate," "project," "intend," "expect," "should," "believe" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include any statements regarding the Company's strategic and operational plans. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. The Company does not intend, and undertakes no duty, to update this information to reflect future events or circumstances.
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SOURCE Lansing Trade Group, LLC