|Page (1) of 1 - 03/22/12||email article||print page|
Lawson Software Extends Consent Solicitation(March 22, 2012)
ST. PAUL, MN -- (Marketwire) -- 03/22/12 -- Lawson Software, Inc. (the "Company") announced today that it has extended the expiration date of its previously announced consent solicitation (the "Consent Solicitation") with respect to its 11.5% Senior Notes due 2018 (the "Notes"), to approve certain proposed amendments (the "Proposed Amendments") to the indenture governing the Notes (the "Indenture"), including, among other things, to exclude the Infor Contribution (as defined in the Change of Control Notice, Offer to Purchase and Consent Solicitation Statement dated March 8, 2012, as supplemented (the "Statement")) from the definition of "Change of Control" in the Indenture.
The Consent Solicitation, initially scheduled to expire at 5:00 p.m. New York City time on March 21, 2012, has been extended until 5:00 p.m., New York City time, on March 27, 2012 (the "Consent Time"). As of 5:00 p.m., New York City time on March 21, 2012, approximately 83% of the outstanding aggregate principal amount of the Notes had validly tendered (and not withdrawn) consents in the Consent Solicitation.
Except as set forth herein, the complete terms and conditions of the Consent Solicitation remain the same as set forth in the Statement and the accompanying Letter of Consent previously distributed to eligible holders of Notes.
The Infor Contribution and the related financing transactions are expected to be consummated during the week of April 2, 2012.
The Company has retained BofA Merrill Lynch to act as the Solicitation Agent in connection with the Consent Solicitation. Questions may be directed to the Solicitation Agent by telephone at (888) 292-0070 (toll free) or (980) 388-3646 (collect). The Company has retained Wilmington Trust, National Association to act as the Depositary and Paying Agent. Questions and requests for additional documents may be directed to the Depositary in writing at Wilmington Trust, National Association, c/o Wilmington Trust Company, Rodney Square North, 1100 North Market Street, Wilmington, DE 19890-1626, Attention: Sam Hamed, by telephone at (302) 636-6181 or by facsimile at (302) 636-4139.
This press release shall not constitute an offer to purchase, solicitation of consents or a solicitation of an offer to sell the notes. The Offer and Consent Solicitation is made solely by means of the Statement and the accompanying Letter of Transmittal and Consent.
Copyright @ Marketwire
Related Keywords: Lawson, consent, infor, Marketwire, Inc., , Other,