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Good Sam Issues Offer to Buy $4.95M in Notes

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March 12, 2013 by   Leave a Comment

Good Sam Enterprises LLC announced today (March 12) the commencement of an offer to purchase up to $4.95 million in principal amount of the company’s outstanding 11.50% senior secured notes due 2016. According to a news release, the offer to purchase will expire at 5 p.m. (Eastern) on April 10.

In accordance with the indenture governing the notes and subject to the terms and conditions of the Offer to Purchase, Good Sam will pay a purchase price in cash equal to 101% of the principal amount of notes validly tendered (and not validly withdrawn) prior to the expiration date that are accepted, plus accrued but unpaid interest thereon to the settlement date for the Offer to Purchase.

The offer to purchase is only being made pursuant to the excess cash flow offer to purchase and the related letter of transmittal that the company is distributing to holders of notes in connection with the offer to purchase.

 

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