Kerzner Commences Tender Offer and Consent Solicitation Relating to 8.875% Senior Subordinated Notes Due 2011
2005年9月12日 - 8:00PM
ビジネスワイヤ(英語)
Kerzner International Limited (NYSE: KZL) (the "Company"), a
leading international developer and operator of destination
resorts, casinos and luxury hotels, and its wholly owned
subsidiary, Kerzner International North America, Inc. ("KINA"),
announced today that they are commencing a cash tender offer to
purchase any and all of their outstanding 8.875% Senior
Subordinated Notes due 2011. The tender offer is being made
pursuant to an Offer to Purchase and Consent Solicitation Statement
(the "Statement") and a related Letter of Transmittal and Consent,
each dated September 12, 2005. The tender offer is scheduled to
expire at 12:01 a.m., New York City time, on October 8, 2005,
unless extended to a later date or time or earlier terminated. In
conjunction with the tender offer, the Company and KINA will be
soliciting consents to proposed amendments to the indenture
governing the notes. The proposed amendments would eliminate
substantially all of the restrictive covenants and certain events
of default from the indenture governing the notes. Holders that
tender their notes will be required to consent to the proposed
amendments, and holders that consent to the proposed amendments
will be required to tender their notes. Tenders of notes and
deliveries of consents made on or prior to 5:00 p.m., New York City
time, on Wednesday, September 21, 2005 (the "Consent Date"), may be
withdrawn or revoked at any time on or before the Consent Date.
Tenders of notes made after 5:00 p.m., New York City time, on
Wednesday, September 21, 2005, may be withdrawn at any time until
12:01 a.m., New York City time, on the expiration date for the
tender offer, which is currently scheduled to be October 8, 2005.
Subject to conditions specified in the Statement, the total
consideration to be paid for each properly delivered consent and
validly tendered note received (and not properly revoked) on or
prior to 5:00 p.m., New York City time, on Wednesday, September 21,
2005 and accepted for payment will be $1,082.83 per $1,000.00 of
principal amount, plus accrued and unpaid interest. The total
consideration for each note tendered includes an early consent
premium of $22.25 per $1,000.00 of principal amount of notes
payable only to those holders that tender their Notes on or prior
to 5:00 p.m., New York City time, on Wednesday, September 21, 2005
(and do not withdraw their tender). Total consideration will be
paid shortly after the expiration of the Consent Date. Holders that
tender their notes after that time but prior to the expiration of
the tender offer will receive $1,060.58 per $1,000.00 of principal
amount of notes validly tendered and accepted for payment, plus
accrued and unpaid interest. The tender offer is conditioned upon
the satisfaction of a financing condition, a consent under the
Company's existing revolving credit facility, a minimum tender
condition, as well as other general conditions. Copies of the
tender offer and consent solicitation documents can be obtained by
contacting MacKenzie Partners, Inc., the Tabulation Agent and
Information Agent for the consent solicitation, at 800-322-2885
(toll free) and 212-929-5500. Deutsche Bank Securities Inc. is
acting as Dealer Manager for the tender offer and Solicitation
Agent for the consent solicitation. Questions concerning the tender
offer and consent solicitation may be directed to Deutsche Bank
Securities Inc., High Yield Capital Markets, at 800-553-2826 (toll
free). This press release is not an offer to purchase nor a
solicitation of acceptance of the offer to purchase, which may be
made only pursuant to the terms of the Statement and the related
Letter of Transmittal and Consent. The consent solicitation is
being made solely by the Statement, and related documents (as may
be amended from time to time), and those documents should be
consulted for additional information regarding delivery procedures
and the conditions of the tender offer and consent solicitation.
This press release contains forward-looking statements, which are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements involve risks and uncertainties which are described in
the Company's public filings with the U.S. Securities and Exchange
Commission. Investor inquiries regarding the Company should be
directed to Omar Palacios at +1.242.363.6018. Media inquiries
should be directed to Lauren Snyder at +1.242.363.6018.
Kerzner (NYSE:KZL)
過去 株価チャート
から 8 2024 まで 9 2024
Kerzner (NYSE:KZL)
過去 株価チャート
から 9 2023 まで 9 2024