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K2 proclaims pricing for its tender offer
01 Aug '07
4 min read
Accordingly, K2 has received the requisite consents to adopt the proposed amendments to the Indenture pursuant to the consent solicitation.
K2, its subsidiaries guaranteeing the Notes and the trustee under the Indenture have entered into a supplemental indenture giving effect to the amendments, which will eliminate substantially all restrictive covenants and events of default, among other things, and which will become effective immediately upon its execution and delivery; however, the amendments will not become operative until the Initial Payment Date.
The tender offer and consent solicitation are subject to the satisfaction of certain conditions, including the Merger having occurred or occurring substantially concurrent with the initial payment date.
The tender offer will expire at 11:59 P.M, New York City time, on Tuesday, August 14, 2007 unless extended or earlier terminated in accordance with the terms of the Offer to Purchase.
Rights to withdraw tendered Notes andto revoke delivered consents terminated on the Consent Date; however, holders of Notes who have not yet tendered their Notes or who validly withdrew tendered Notes prior to the Consent Date may still tender their Notes until the Expiration Date.
K2 has retained Lehman Brothers Inc. to act as the Dealer Manager for the tender offer and Solicitation Agent for the consent solicitation. Persons with questions regarding the tender offer and the consent solicitation should contact Lehman Brothers Inc.
This release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The offer to purchase the Notes is only being made pursuant to the tender offer and consent solicitation documents, including the Offer to Purchase that K2 has distributed to holders of Notes.
The tender offer and consent solicitation are not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.
In any jurisdiction in which the tender offer or consent solicitation are required to be made by a licensed broker or dealer, they shall be deemed to be made by Lehman Brothers Inc on behalf of K2.
K2, its subsidiaries guaranteeing the Notes and the trustee under the Indenture have entered into a supplemental indenture giving effect to the amendments, which will eliminate substantially all restrictive covenants and events of default, among other things, and which will become effective immediately upon its execution and delivery; however, the amendments will not become operative until the Initial Payment Date.
The tender offer and consent solicitation are subject to the satisfaction of certain conditions, including the Merger having occurred or occurring substantially concurrent with the initial payment date.
The tender offer will expire at 11:59 P.M, New York City time, on Tuesday, August 14, 2007 unless extended or earlier terminated in accordance with the terms of the Offer to Purchase.
Rights to withdraw tendered Notes andto revoke delivered consents terminated on the Consent Date; however, holders of Notes who have not yet tendered their Notes or who validly withdrew tendered Notes prior to the Consent Date may still tender their Notes until the Expiration Date.
K2 has retained Lehman Brothers Inc. to act as the Dealer Manager for the tender offer and Solicitation Agent for the consent solicitation. Persons with questions regarding the tender offer and the consent solicitation should contact Lehman Brothers Inc.
This release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The offer to purchase the Notes is only being made pursuant to the tender offer and consent solicitation documents, including the Offer to Purchase that K2 has distributed to holders of Notes.
The tender offer and consent solicitation are not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.
In any jurisdiction in which the tender offer or consent solicitation are required to be made by a licensed broker or dealer, they shall be deemed to be made by Lehman Brothers Inc on behalf of K2.
K2 Inc
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