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.