Apparel Co Tommy Hilfiger extends deadline for Senior Bonds offer

08 May '06

3 min read

Tommy Hilfiger USA Inc a wholly owned subsidiary of Tommy Hilfiger Corporation announced that, in connection with its previously announced tender offer and consent solicitation (the "Offer") for any and all of its outstanding principal amount of 9 percent Senior Bonds due 2031 (the "2031 Senior Bonds"), the Company has extended the Consent Deadline and Expiration Time (as such terms are defined in the Offer to Purchase and Consent Solicitation Statement, dated April 7, 2006 (the "2031 Senior Bonds Statement")) with respect to the Offer.

The new Consent Deadline and Expiration Time are each 5:00 p.m., New York City time, on May 9, 2006, unless otherwise extended or terminated by the Company.

The withdrawal deadline for the 2031 Senior Bonds expired at 5:00 p.m., New York City time, on April 20, 2006.

Accordingly, holders may no longer withdraw any 2031 Senior Bonds previously or hereafter delivered or revoke any consents previously or hereafter delivered, except in the limited circumstances described in the 2031 Senior Bonds Statement.

The Offer is being conducted in connection with the previously announced agreement to merge Tommy Hilfiger Corporation with an affiliate of funds advised by Apax Partners, a leading global private equity firm (the "Merger").

Except for the extensions of the Consent Deadline and Expiration Time as described above, the 2031 Senior Bonds Statement remains in full force and effect.

As of 5:00p.m., New York City time, on Friday, May 5, 2006, the Company had received tenders of the 2031 Senior Bonds and related consents in the following amounts:

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