Dayton Superior Announces Extension of Exchange Expiration Date and Grant Of Withdrawal Rights for Private Debt Exchange Offer
22 Octubre 2008 - 2:37PM
Business Wire
Dayton Superior Corporation (NASDAQ: DSUP), the leading North
American provider of specialized products for the nonresidential
concrete construction market, has extended the exchange expiration
date and granted withdrawal rights for its previously announced
private exchange offer with respect to its 13% Senior Subordinated
Notes due 2009 and concurrent consent solicitation. The exchange
expiration date and withdrawal rights expiration date have been
extended until 11:59 p.m. EST, on December 1, 2008. The exchange
expiration date had been scheduled for 11:59 p.m. EST, on November
5, 2008. The withdrawal expiration date had previously expired at
5:00 p.m. EDT, July 25, 2008. The early consent deadline expired at
5:00 p.m. EDT, on July 25, 2008 and has not been extended. As of
the close of business on October 21, 2008, approximately $63.7
million in aggregate principal amount of the 13% Senior
Subordinated Notes due 2009 have been tendered. The exchange offer
is being made only to qualified institutional buyers and
institutional accredited investors inside the United States and to
certain non-U.S. investors located outside the United States. This
press release is neither an offer to sell any new notes nor a
solicitation to buy any notes and there shall not be any sale of
such new notes in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification thereof under the securities laws of any such state
or jurisdiction. Any offer of the new notes is made only by means
of a private offering circular. The new notes have not been
registered under the Securities Act or the securities laws of any
other jurisdiction and may not be offered or sold in the United
States absent registration or an applicable exemption from
registration requirements. ABOUT DAYTON SUPERIOR CORPORATION Dayton
Superior is the leading North American provider of specialized
products consumed in non-residential, concrete construction, and we
are the largest concrete forming and shoring rental company serving
the domestic, non-residential construction market. Our products can
be found on construction sites nationwide and are used in
non-residential construction projects, including: infrastructure
projects, such as highways, bridges, airports, power plants and
water management projects; institutional projects, such as schools,
stadiums, hospitals and government buildings; and commercial
projects, such as retail stores, offices and recreational,
distribution and manufacturing facilities. Note: Certain statements
made herein concerning anticipated future performance are
forward-looking statements. These forward-looking statements are
based on estimates, projections, beliefs and assumptions of
management and are not guarantees of future performance. Actual
future performance, outcomes and results may differ materially from
those expressed in forward-looking statements as a result of a
number of important factors. Representative examples of these
factors include (without limitation): depressed or fluctuating
market conditions for the Company�s products and services;
operating restrictions imposed by the Company�s existing debt;
increased raw material costs and operating expenses; the ability to
increase manufacturing efficiency, leverage purchasing power and
broaden the Company�s distribution network; the competitive nature
of the non-residential construction industry in general, as well as
specific market areas. This list of factors is not intended to be
exhaustive, and additional information concerning relevant risk
factors can be found in Dayton Superior�s Annual Report on Form
10-K, Quarterly Reports on Form 10-Q, and current Reports on Form
8-K filed with the Securities and Exchange Commission.
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