ACL Announces Cash Tender Offer and Consent Solicitation

Wednesday, January 17, 2007
American Commercial Lines Inc. announced that its wholly-owned subsidiary, American Commercial Lines has commenced a cash tender offer and consent solicitation for any and all of its outstanding 9½% Senior Notes due 2015 (CUSIP Nos. 02519QAB8, 02519QAA0) There are currently approximately $119.5m in aggregate principal amount of the Notes outstanding. The tender offer is being made upon the terms, and subject to the conditions, set forth in the Offer to Purchase and Consent Solicitation Statement dated January 17, 2007 and related Consent and Letter of Transmittal, which more fully set forth the terms of the tender offer and consent solicitation. The consent solicitation is scheduled to expire at 5:00 p.m., New York City time, on January 30, 2007unless extended. The tender offer is scheduled to expire at 5:00 p.m., New York City time, on February 14, 2007, unless extended. Holders may only withdraw their tenders before the withdrawal deadline, which is expected to occur promptly following the Consent Expiration Date, except as may be required by law or as may be extended under the Offer to Purchase.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Committee to Consider Coast Guard Authorization Bill

The U.S. Committee on Transportation and Infrastructure, chaired by U.S. Rep. Bill Shuster (R-Pa.), will mark up legislation this week that authorizes United States

Med Crude-Urals Stronger in Baltic as Surgut Sells Cargoes

Russian Urals crude price differentials strengthened in the Baltic in a spot tender on Tuesday after loading schedules confirmed scarce export volumes for May.   There

Canada Invests In Port Lambton Rescue Station

Inshore Rescue Boat Station upgraded as part of federal infrastructure commitment   On behalf of the Honorable Gail Shea, Minister of Fisheries and Oceans, Pat Davidson,

 
 
Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1102 sec (9 req/sec)