Business
Gibson Energy ULC and GEP Midstream Finance Corp. announce Expiration Date Results in connection with Debt Tender Offers and Consent Solicitations
Jun. 15, 2011 (Canada NewsWire Group) -- CALGARY, June 15, 2011 /CNW/ - Gibson Energy ULC and...
About this update from Gibson Energy Inc.
[{"type":"text","content":"\n\n\n Jun. 15, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCALGARY, June 15, 2011 /CNW/ - Gibson Energy ULC and GEP Midstream\n Finance Corp. (together, the "Issuers") announced today the final\n results of their previously announced cash tender offers to purchase\n any and all of their outstanding 11.75% First Lien Senior Secured Notes\n due 2014 (the "First Lien Notes") and 10.00% Senior Notes due 2018 (the\n "Senior Notes" and, together with the First Lien Notes, the "Notes").\n The tender offers expired at midnight, New York City time, on June 13,\n 2011 (the "Expiration Date").  As of the Expiration Date, based on the\n final information provided to the Issuers by Global Bondholder Services\n Corporation, the tender agent for the tender offers, the Issuers\n received tenders and consents from holders of $557,880,000, or\n approximately 99.6%, of their outstanding aggregate principal amount of\n First Lien Notes and from holders of $200,000,000, or 100% of the\n outstanding aggregate principal amount of Senior Notes. All Notes\n validly tendered and not validly withdrawn in the tender offers have\n been accepted for payment by the Issuers.\n\n\nBased on the consents received, the Issuers have entered into a\n supplemental indenture that eliminates substantially all restrictive\n covenants and certain default provisions in the indenture governing the\n First Lien Notes and releases all of the collateral from the lie...