AGY Holding Corp announced that its consent solicitation with respect to its outstanding 11% Senior Second Lien Notes due 2014 (the “Notes”) expired at 5:00 p.m., New York City time, on March 28, 2008 (the “Expiration Date”) and that it has accepted for payment all consents received on or prior to the Expiration Date.
According to Global Bondholder Services Corporation, the Information and Tabulation Agent, consents were received with respect to 98.85% of the aggregate outstanding principal amount of the Notes.
Noteholders that validly delivered, and did not properly revoke, a consent to the proposed amendments before the Expiration Time will receive, subject to the terms and conditions of the consent solicitation, a consent payment of $5.00 per $1,000 principal amount of Notes for which they have delivered a consent (the “Consent Fee”). The Company anticipates that the Consent Fee will be paid on April 1, 2008.
Global Bondholder Services Corporation is serving as Information and Tabulation Agent for the consent solicitation.
Questions concerning the terms of the consent solicitation should be directed to UBS Securities LLC, Liability Management Group.
This announcement is not an offer to purchase or sell, a solicitation of an offer to purchase or sell, or a solicitation of consents with respect to any securities.
The solicitation is being made solely pursuant to the Consent Solicitation Statement and the related consentletter.
AGY is a leading global producer of fiberglass yarns and high-strength fiberglass reinforcements used in a variety of composites applications.
AGY serves a diverse range of markets including aerospace and defense, electronics, construction and industrial.
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