AV Homes, Inc. Announces Final Tender Results and Final Settlement of Cash Tender Offer
2017年5月31日 - 5:05AM
AV Homes, Inc. (NASDAQ:AVHI) (“AV Homes” or the “Company”) today
announced the final tender results and final settlement of the
previously announced cash tender offer (the “Tender Offer”) for any
and all of its outstanding 8.500% Senior Notes due 2019 (CUSIP No.
00234P AE2) (the “Notes”). The terms and conditions of the Tender
Offer are described in the Company’s Offer to Purchase dated
May 1, 2017 (the “Offer to Purchase”).
As of 11:59 p.m., New York City time, on May 26, 2017 (the
“Expiration Date”), no additional Notes were validly tendered. As
such, there are no changes to the results of the Tender Offer
previously announced on May 18, 2017.
The Company has engaged J.P. Morgan Securities LLC to act as the
dealer manager in connection with the Tender Offer. Questions
regarding the Tender Offer may be directed to J.P. Morgan
Securities LLC at (212) 834-4811 or (866) 834-4666 (US toll-free).
Requests for documentation may be directed to D.F. King & Co.,
Inc., at (800) 622-1649 (US toll-free) or (212) 269-5550 (for
bankers and brokers) or via email to avhomes@dfking.com.
This press release is for informational purposes only and is not
an offer to purchase or a solicitation of an offer to purchase any
securities. The Tender Offer is being made solely pursuant to the
Offer to Purchase, which sets forth the complete terms of the
Tender Offer.
ABOUT AV HOMES
AV Homes is a homebuilder engaged in the business of
homebuilding and community development in Florida, the Carolinas
and Arizona. Its principal operations are conducted near
Jacksonville and Orlando, Florida, Phoenix, Arizona and Raleigh and
Charlotte, North Carolina. The Company focuses on the development
and construction of (i) primary residential communities, which
serve first time and move-up buyers, and (ii) active adult
communities, which are age-restricted to the age 55 and over active
adult demographic. AV Homes common shares trade on NASDAQ under the
symbol AVHI.
FORWARD-LOOKING STATEMENTS
This news release may be deemed to contain “forward-looking
statements” within the meaning of the U.S. federal securities laws,
which statements may include information regarding the plans,
intentions, expectations, future financial performance, or future
operating performance of AV Homes, Inc. Forward-looking statements
are based on the expectations, estimates, or projections of
management as of the date of this news release. Although our
management believes these expectations, estimates, or projections
to be reasonable as of the date of this news release,
forward-looking statements are inherently subject to significant
business risks, economic and competitive uncertainties, or other
contingencies which could cause our actual results or performance
to differ materially from what may be expressed or implied in the
forward-looking statements.
Important factors that could cause our actual results or
performance to differ materially from our forward-looking
statements include those set forth in the “Risk Factors” section of
our Annual Report on Form 10-K for the year ended December 31,
2016 and in our other filings with the Securities and Exchange
Commission, which filings are available on www.sec.gov. AV Homes
disclaims any intention or obligation to update or revise any
forward-looking statements to reflect subsequent events and
circumstances, except to the extent required by applicable law.
Investor Contact:
Mike Burnett
EVP, Chief Financial Officer
480-214-7408
m.burnett@avhomesinc.com
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