ST. LOUIS, April 23, 2012 /PRNewswire/ -- ERAC USA Finance LLC (the "Issuer"), the wholly-owned U.S. finance subsidiary of Enterprise Holdings, Inc. ("Enterprise Holdings"), has completed its previously announced consent solicitation (the "Solicitation") to enter into a seventeenth supplemental indenture (the "Seventeenth Supplemental Indenture"), supplementing the indenture dated as of December 1, 1994, between the Issuer, Enterprise Holdings, as guarantor, and The Bank of New York Mellon Trust Company, N.A., as trustee, with respect to $4.13 billion outstanding aggregate principal amount of its debt securities of the series listed in the table below (the "Securities").
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| Description of Securities |
CUSIP No. |
Principal Amount Outstanding |
Constituting Supplemental Indenture |
Consent Fee (Per $1,000 Principal Amount) |
| 5.90% Notes due November 15, 2015 |
26882PAT9 U29481AL9 |
$490,000,000 |
Eighth Supplemental Indenture |
$2.50 |
| 6.20% Notes due November 1, 2016 |
26882PAX0 U29481AN5 |
$243,000,000 |
Ninth Supplemental Indenture |
$3.50 |
| 6.375% Notes due October 15, 2017 |
26882PBB7 U29481AR6 |
$995,765,000 |
Twelfth Supplemental Indenture |
$6.00 |
| 5.25% Notes due October 1, 2020 |
26884TAA0 U29490AA4 |
$650,000,000 |
Thirteenth Supplemental Indenture |
$6.50 |
| 6.70% Notes due June 1, 2034 |
26882PAR3 U29481AJ4
|
$500,000,000 |
Sixth Supplemental Indenture |
$8.75 |
| 7.00% Notes due October 15, 2037 |
26882PBE1 U29481AT2 |
$1,250,000,000 |
Twelfth Supplemental Indenture |
$8.75 |
The Solicitation was approved by the holders of record ("Holders") of a majority of the outstanding principal amount of each series of Securitiesaffected by the Seventeenth Supplemental Indenture.
In consideration for the consents from the Holders of the Securities to the Seventeenth Supplemental Indenture, upon the terms and subject to the conditions of the Solicitation, the Issuer will pay to each Holder on April 24, 2012 the applicable consent fee specified in the table above for each $1,000 in principal amount of Securities as to which the Issuer received a valid (and unrevoked) consent from such Holder prior to the expiration of the Solicitation at 5:00 p.m. New York City time on April 23, 2012.
The Solicitation has been conducted upon the terms and subject to the conditions set forth in the consent solicitation statement dated April 12, 2012, as amended by the press release of the Issuer dated April 19, 2012 (as amended, the "Statement"), and related documents including the related consent form, as amended by the press release of the Issuer dated April 19, 2012 (as amended, the "Consent Form"). ERAC Canada Finance Limited ("ERAC Canada"), an affiliate of the Issuer, separately solicited consents in Canada as part of a concurrent and substantially similar consent solicitation relating to two series of debt securities issued by ERAC Canada and guaranteed by Enterprise Holdings, Inc. ERAC Canada successfully completed the solicitation with respect to its $150,000,000 aggregate principal amount of 5.38% Notes due February 26, 2016, and has extended the solicitation with respect to its $100,000,000 aggregate principal amount of 5.70% Notes due February 26, 2021. The ongoing Canadian solicitation is being made pursuant to separate documentation.
J.P. Morgan Securities LLC and RBS Securities Inc. served as the solicitation agents for the Solicitation, and D.F. King & Co., Inc. served as the information and tabulation agent for the Solicitation.
This announcement is not a solicitation of consents with respect to the Securities.
SOURCE ERAC USA Finance LLC
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