Dayton Superior Announces Extension of Exchange Expiration Date for Private Debt Exchange Offer
13 Mars 2009 - 10:43PM
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 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 has
been extended until 11:59 p.m. EDT, on April 9, 2009. The exchange
expiration date had been scheduled for 11:59 p.m. EDT, on March 13,
2009. The withdrawal expiration date expired at 11:59 p.m. EST,
December 1, 2008 and has not been extended. 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 March 12, 2009,
approximately $9.6 million in aggregate principal amount of the 13%
Senior Subordinated Notes due 2009 have been tendered and not
withdrawn.
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.
Dayton Superior Corp (MM) (NASDAQ:DSUP)
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