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Broder Bros., Co.
Broder Bros., Co. Announces Amendments to the Terms of the Exchange Offer
May 16th, 2009
Broder Bros., Co. (the "Company") announced that it has amended certain of the terms of its pending exchange offer for all of its 11.25% senior notes due 2010 (the "Existing Notes") to, among other things, change the consideration payable to holders who validly tender their Existing Notes and deliver their consents to become a party to the mutual release and the proposed amendments to the indenture governing the Existing Notes on or prior to the consent time such that such holders will now receive an amount in cash equal to $20.00 per $1,000 principal amount of the Existing Notes tendered, of which $10.00 will be paid on the early settlement date and $10.00 will be paid on October 1, 2009....
Source: Law & Health Weekly (2009-05-16)
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