NuCO2 Announces Extension of Expiration Time for Consent Solicitation
STUART, Fla., Sept. 27, 2011 /PRNewswire/ -- NuCO2 Inc. today announced that its principal operating subsidiaries, NuCO2 Funding LLC, NuCO2 LLC, NuCO2 Supply LLC, and NuCO2 IP LLC (collectively, the "Co-Issuers"), are 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 (collectively, the "Notes") to certain proposed amendments (the "proposed amendments") to the base indenture dated as of May 28, 2008 among the Co-Issuers and U.S. Bank National Association, as trustee, administrative agent and securities intermediary, as amended, under which the Notes were issued, and the Series 2008-1 Supplement dated as of May 28, 2008 among the Co-Issuers and U.S. Bank National Association, as amended. The proposed amendments, in material part, would remove the requirement that the Co-Issuers obtain a "rating agency confirmation letter" or satisfy the "rating agency condition" for the 9.75% Fixed Rate Series 2008-1 Subordinated Notes and any future series of subordinated notes unless otherwise provided for by the terms of such future series of subordinated notes.
The "Expiration Time" for such consent solicitation has been extended from 5:00 p.m., New York City time, on September 26, 2011 to 5:00 p.m., New York City time, on October 3, 2011, unless further extended by the Co-Issuers.
The Co-Issuers have received consent to the proposed amendments from holders of a majority of the aggregate principal amount of the Notes. Holders who have already submitted their consent to the proposed amendments do not need to resubmit their consent.
Except with respect to the extension of the "Expiration Time" described above, the terms and conditions of the consent solicitation have not changed and are described in the Consent Solicitation Statement dated September 12, 2011 and the related form of consent.
This press release is neither an offer to purchase nor a solicitation of an offer to sell the Notes or any other security. This announcement is also not a solicitation of consents to the proposed amendments.
About NuCO2
NuCO2 is a national provider of fountain and draught beer beverage carbonation solutions to the restaurant and hospitality industry. NuCO2 serves chain restaurants, independent restaurants, convenience stores, theme parks and sports/entertainment venues by delivering reliable, economical and convenient beverage-grade carbon-dioxide and nitrogen gas solutions. Headquartered in Stuart, Florida, NuCO2 employs more than 880 individuals in its 144 locations across the United States.
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release that are not historical facts, including statements about our beliefs and expectations, constitute forward-looking statements. These statements are based on current plans, estimates and projections, and are subject to change based on a number of factors. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
Contact:
Peter Green
NuCO2 Inc.
2800 SE Market Place
Stuart, Florida 34997
(772) 781-3503
SOURCE NuCO2 Inc.
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