Each issue of PaperMoney is approximately 500 fact filled pages.
Logout
Click here for Pulp & Paper Radio International
The Paperitalo Library
Free Downloads
Search
My Profile
Login
Management Side
Corporacion Durango, S.A.B. de C.V. Announces Modified Withdrawal Rights Termination Date in Its Cash Tender Offer and Consent Solicitation
Print
Durango, Mexico, 26 September 2007 -- /PRNewswire/ -- Corporacion Durango, S.A.B. de C.V. (BMV: CODUSA), the largest integrated paper and packaging company in Mexico, announced today that the Modified Withdrawal Rights Termination Date in its cash tender offer for any and all of its outstanding Series B Step Up Rate Senior Secured Guaranteed Notes Due 2012 (CUSIP No. 21986MAK1) is 28 September 2007.

The other terms and conditions of the Tender Offer, as set forth on the Offer to Purchase and Consent Solicitation Statement, dated 21 June 2007, and the related Consent and Letter of Transmittal, as amended on 24 August 2007, remain unchanged.

As a result of the determination of the Modified Withdrawal Rights Termination Date, any and all Notes tendered before 5:00 p.m. Eastern Time on 28 September 2007 may be withdrawn at any time before 5:00 p.m., Eastern Time, on 28 September 2007, but not thereafter, except in the limited circumstances described below.

Notes tendered and not subsequently withdrawn before 5:00 p.m., Eastern Time, on 28 September 2007, may be withdrawn only if the company reduces the amount of the Offer Price (as defined in the Offer to Purchase), the Early Participation Payment (as defined in the Offer to Purchase), or the principal amount of Notes subject to the Offer (as defined in the Offer to Purchase), or is otherwise required by law (as determined by the company) to permit withdrawal.

Durango has retained Merrill Lynch, Pierce, Fenner & Smith Incorporated to act as Dealer Manager for the Tender Offer, and Global Bondholder Services Corporation to act as the depositary and information agent for the Tender Offer.

Any questions or requests for assistance regarding the Offer may be made to the Dealer Manager and Solicitation Agent, Merrill Lynch & Co., Attention: Liability Management Group at (888) 654-8637 or (212) 449-4914. Questions or requests for assistance or additional copies of the Offer to Purchase and the Letter of Transmittal may be directed to the Information Agent, Global Bondholder Services Corporation, toll free at (866) 794-2200 (bankers and brokers call collect at (212) 430-3774).

The tender offer is only being made pursuant to the Offer to Purchase and the related Letter of Transmittal. The tender offer is not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the laws of such jurisdiction. The tender offer is not being made to any holders of Notes in Italy. In the United Kingdom, France and Belgium, the tender offer is being made only to specified eligible holders of Notes, as set forth in the Offer to Purchase. Restrictions on the tender offer may also apply in other jurisdictions. The Offer is not being made to, and tenders of Notes and Consents by Holders will not be accepted from, any person in any jurisdiction that requires that the Tender Offer or the Solicitation or
the distribution of the Offer Documents be made by a licensed broker or dealer.

About Durango

Durango and its subsidiaries are primarily engaged in the manufacturing and selling of packaging (corrugated boxes and multiwall sacks), paper (containerboard, newsprint, and bond), and other wood products (plywood) in Mexico and in the United States.


Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: