Vertis"), has commenced (i) a private exchange offer, a tender offer and a consent solicitation relating to its outstanding 131/2 percent Senior Pay-in-Kind Notes due 2014 (the "Senior Notes
"), and (ii) a private exchange offer and a consent solicitation relating to its 181/2 percent Senior Secured Second Lien Notes due 2012 (the "Existing Second Lien Notes" and, together with the Senior Notes
, the "Notes") held by eligible holders (collectively, the "Offers").
Remaining term loan availability under the accordion feature for either share repurchases or redemption of ACS' existing senior notes
was $2 billion as of Dec.
Orbital Sciences Corporation (NYSE:ORB) announced today that, in connection with the previously announced cash tender offer and consent solicitation for its outstanding 9% Senior Notes
due 2011, Orbital has received the requisite consents from holders of the 9% Senior Notes
to amend the indenture governing the 9% Senior Notes
80,108,014 second priority senior notes
remain at 'C/DR6'.
The Senior Notes
consist of US$465 million aggregate principal amount of 8.
DUBLIN, Ireland -- Elan Corporation, plc ("Elan") today announced the pricing of the offering of US$615 million aggregate principal amount of Senior Notes
by its wholly-owned subsidiaries, Elan Finance public limited company and Elan Finance Corp.
The net proceeds from the sale of the senior notes
will be used to repay a portion of short-term debt and for other general corporate purposes, including funding the company's ongoing construction program.
0 million in aggregate principal amount of senior notes
due 2013 (the "Senior Notes
65 billion of outstanding Senior Notes
to amend the indenture governing such Senior Notes
and to waive certain defaults.
In various releases since that announcement including its 8-K filing dated October 17, 2006, the Company has indicated that it would be seeking consents from holders of the Senior Notes
for various elements of the proposed Transaction.
LOS ANGELES -- KB Home (NYSE:KBH), announced today that on October 26, 2006, it received a letter stating it serves as a notice of default under the indenture related to its 7-1/4% Senior Notes
due 2018 (the "7-1/4% Senior Notes
") from an entity claiming to manage funds that beneficially own more than 25% of the 7-1/4% Senior Notes
The three series of senior notes
are the Issuer's 103/4% Senior Notes
due April 1, 2013 (CUSIP No.