Extension of Cash Tender Offer for Structured Products Corp. CorTS Trust for BellSouth Debentures, 7% Corporate-Backed Trust Securities (CorTS) Certificates, Ticker Symbol: KTBA at $19.00
NEW YORK, March 13, 2023 /PRNewswire/ -- 745 Capital LLC (the "Purchaser") previously announced a cash tender offer (the "Tender Offer") for any and all outstanding Structured Products Corp. CorTSSM Trust for BellSouth Debentures, 7.00% Corporate-Backed Trust Securities (CorTSSM) Certificates (CUSIP No. 22080E205) (OTCMKTS symbol KTBA) (Bloomberg symbol KTBA <Pfd>) (the "Certificates") pursuant to the Purchaser's Offer to Purchase dated January 30, 2023 (the "Offer to Purchase") and related Letter of Transmittal (the "Letter of Transmittal").
The Purchaser announced today that it is amending the Offer to Purchase and extending the Expiration Time (as defined in the Offer to Purchase) until 5:00p.m., New York City time, on April 6, 2023, unless further extended or withdrawn. Previously tendered Certificates may be validly withdrawn prior to the Expiration Time, as extended, in accordance with the Offer to Purchase, as amended.
The Tender Offer otherwise remains subject to the conditions in the Offer to Purchase, as amended, and Letter of Transmittal. Provided that the conditions to the Tender Offer have been satisfied or waived, payment for the Certificates purchased in the Tender Offer will now be made on or about April 13, 2023.
This press release is neither an offer to purchase nor a solicitation of an offer to sell the Certificates. The Purchaser is making the offer only by the terms of the Offer to Purchase, as amended, and Letter of Transmittal, copies of which may be obtained from InvestorCom, the tender and information agent for the Tender Offer, at [email protected] or (203) 972-9300.
About 745 Capital LLC
745 Capital was incorporated in New York in 2022 and is not affiliated with the trust which issued the Certificates.
Forward-Looking Statements
This press release contains forward-looking statements, including those related to the completion of the Tender Offer. Forward-looking statements involve many risks and uncertainties that could significantly affect anticipated results in the future. The Purchaser is not under any obligation to update its forward-looking statements as a result of new information, future events or otherwise, except as required by law.
Contact: John Glenn Grau (203) 295-7841
SOURCE 745 Capital LLC
Share this article