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Great Canadian Gaming announces cash Tender Offer for 7.250% Senior Subordinated Notes due 2015
RICHMOND, BC, July 5, 2012 /CNW/ - Great Canadian Gaming Corporation [TSX:GC] ("Great Can...
About this update from Goldcana Resources Inc.
[{"type":"text","content":"\n\n\n\n\n\nRICHMOND, BC, July 5, 2012 /CNW/ - Great Canadian Gaming Corporation [TSX:GC] (\"Great Canadian\" or \"the Company\") announced today that it has\n commenced an offer to purchase for cash (the \"Tender Offer\") any and\n all of the US$170.0 million aggregate outstanding principal amount of\n its 7.250% Senior Subordinated Notes due 2015 (the \"Subordinated\n Notes\").  As part of the Tender Offer, Great Canadian is soliciting the\n consent of the holders of the Subordinated Notes (the \"Consent\n Solicitation\") to certain proposed amendments to the indenture dated\n February 14, 2007 under which the Subordinated Notes were originally\n issued (the \"Proposed Amendments\").\n\n\nThe terms of the Tender Offer are described in the Offer to Purchase and\n Consent Solicitation Statement dated July 5, 2012 (the \"Offer to\n Purchase and Consent Solicitation Statement\") and the related Letter of\n Transmittal and Consent (the \"Letter of Transmittal\") to be distributed\n to holders of the Subordinated Notes.  The following table sets forth\n certain terms of the Tender Offer:\n\n\nTitle of Securities\n\n \n\nCUSIP Numbers\n\n \n\nPrincipalAmountOutstanding\n\n \n\nTenderOfferConsideration(1)\n \n\nConsentPayment(1)\n \n\nTotalConsideration(1)(2)\n \n \n \n \n \n \n \n \n \n \n \n\n7.250% Senior\nSubordinated Notes\ndue 2015\n\n \n\n389914AD4/\nC4112PAA6\n\n \n\n$170,000,000\n\n \n\n$990.63\n\n \n\n$30.00\n\n \n\n$1,020.63\n\n \n \n \n \n \n \n \n \n \n \n \n\n(1)\n\n \n \n\nPer $1,000 principal amount of Subordinated Notes tendered and accepted\n for purchase\n\n \n \n \n \n\n(2)\n\n \n \n\nInclusive of the Consent Payment.\n\n \n \n \n \n\nSubject to satisfaction or waiver of the conditions described in the\n Offer to Purchase and Consent Solicitation Statement, the Company\n expects to accept for payment all Subordinated Notes that are validly\n tendered and not validly withdrawn under the Tender Offer. Holders of\n Subordinated Notes that validly tender and do not withdraw their\n Subordinated Notes on or prior to 5:00 p.m., New York City time, on\n July 18, 2012 (the \"Consent Payment Deadli...