Advanstar declares extension of tender offer expiration date

21 May '07

3 min read

Advanstar Inc and Advanstar Communications Inc announced that they are extending the expiration date of the tender offer and consent solicitation with respect to Communications' 10 3/4% Second Priority Senior Secured Notes due 2010 (CUSIP Nos. And 12% Senior Subordinated Notes due 2011 and Advanstar's 15.0% Senior Discount Debentures due 2011, from 5:00 p.m, New York City time, on May 18, 2007, to 11:59 p.m. New York City time, on May 30, 2007, unless otherwise extended or earlier terminated by the Issuers.

Subject to the terms and conditions of the tender offers and consent solicitations (as described in the Issuers' Offer to Purchase and Consent Solicitation Statement, dated April 19, 2007 (the “Statement”)any Notes validly tendered will be accepted for purchase promptly following the Expiration Date. Except for the extension of the Expiration Date, all of the other terms and conditions of the tender offer and consent solicitation remain unchanged.

To date, holders of approximately 100% of the outstanding aggregate principal amount of the Senior Secured Notes, holders of approximately 93.41% of the outstanding aggregate principal amount of the Senior Subordinated Notes and holders of approximately 97.96% of the outstanding aggregate principal amount of the Debentures, have tendered their outstanding Notes and delivered related consents pursuant to the tender offers and consent solicitations.

As previously announced, the Issuers received the requisite consents from the registered holders of the Notes to amend the indentures governing the Notes. The last day that holders of Notes could have withdrawn tendered Notes and revoked the related consents was as of 5:00 p.m. New York City time on May 2, 2007 (the “Consent Date”). As a result, tendered Notes and related consents may no longer be withdrawn or revoked.

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