Published:
Claymont Steel Announces Extension of Expiration Date in Tender Offer for Its Outstanding 8.875% Senior Notes Due 2015
CLAYMONT, Del., July 24 /PRNewswire/ -- Claymont Steel, Inc. (the
"Company") today announced that the expiration date for its previously
announced cash tender offer for any and all of its outstanding 8.875% Senior
Notes due 2015 (the "Notes") has been extended to 5:00 p.m.,New York City
time, on August 1, 2008. The early tender date of 5:00 p.m.,New York City
time, on July 24, 2008, remains unchanged. The Company has elected to forego
its option to settle Notes validly tendered prior to the early tender date on
an early settlement date.
Except as described above, all other terms and conditions of the tender
offer remain in full force and effect. Consummation of the tender offer is
subject to the satisfaction or waiver of certain conditions, including but not
limited to a financing condition. Consummation of the tender offer is not
conditioned upon receipt of any minimum principal amount of the Notes.
RBS Greenwich Capital is acting as dealer manager for the tender offer.
The information agent and depositary for the tender offer is D.F. King & Co.,
Inc. Requests for documentation should be directed to D.F. King & Co., Inc. at
(800) 967-7921. Questions regarding the terms of the tender offer should be
directed to RBS Greenwich Capital at (203) 618-6145 or (877) 297-9832.
This press release is neither an offer to purchase nor a solicitation of
an offer to sell securities. The tender offer is being made only pursuant to
the Company's Offer to Purchase dated July 2, 2008 and the related Letter of
Transmittal.
Safe Harbor Statement
Certain statements in this press release may contain forward-looking
statements concerning the tender offer. These statements are based on the
Company's current expectations and the Company can give no assurance that such
expectations will prove to be correct. The Company undertakes no obligation
to revise or update any forward-looking statements in order to reflect events
or circumstances that may arise after the date of this release.
SOURCE Claymont Steel, Inc.
Copyright © 2009, PRNewswire
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Copyright © 2009, NewsBlaze,
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