Good Sam LLC Initiates Excess Cash Flow Offer

January 20, 2012 by · Comments Off on Good Sam LLC Initiates Excess Cash Flow Offer 

Good Sam Enterprises LLC announced today (Jan. 20) the commencement of an offer to purchase up to $7,425,000 in principal amount of the company’s outstanding 11.50% Senior Secured Notes due 2016. The offer to purchase will expire at 5 p.m. (Eastern) on Feb. 17 unless extended.

The offer to purchase is being made pursuant to the terms of the indenture governing the notes. The offer amount is $7.5 million. The purchase price is 101% of the principal amount of the notes, plus accrued and unpaid interest to the date of purchase.

Since the offer amount is $7.5 million and the purchase price is 101%, the maximum aggregate amount of notes that could be purchased pursuant to this excess cash flow offer is $7,425,000. If the aggregate principal amount of notes validly tendered in the offer to purchase exceeds the offer amount, notes will be accepted for purchase on a pro rata basis, such that the aggregate purchase price for the notes purchased does not exceed the offer amount.

The complete terms and conditions of the offer to purchase are set forth in the notice relating to excess cash flow offer and related letter of transmittal.


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