NEW YORK, February 7, 2017 – Corporate Risk Holdings, LLC (the “Company”) today announced that its previously announced cash tender offer for up to $269,625,000 aggregate principal amount (the “Maximum Offer Amount”) of its outstanding 9.50% Senior First Lien Secured Notes due 2019 (the “Notes”) expired at midnight, New York City time, on February 6, 2017 (the “Expiration Time”). The tender offer was made pursuant to the Offer to Purchase dated December 21, 2016, which sets forth a more comprehensive description of the terms of the offer, as amended by the press releases dated January 19, 2017 and January 23, 2017.
The Company expects to accept for purchase all Notes validly tendered and not validly withdrawn at or prior to the Expiration Time. Payment for the purchased Notes will be made on February 7, 2017. Holders of Notes accepted for payment will receive accrued and unpaid interest from the last interest payment date for the Notes to, but not including, the settlement date.
The Company retained Evercore Group L.L.C. to serve as dealer manager for the tender offer. The Company retained D.F. King & Co., Inc. to serve as the depositary and information agent for the tender offer. Requests for documents may be directed to D.F. King & Co., Inc. by phone at (212) 269-5550 (for banks and brokers only) or (877) 283-0323 (for all others toll-free) or in writing at 48 Wall Street, 22nd Floor, New York, New York 10005. Questions regarding the tender offer may be directed to Evercore Group L.L.C. by phone at (888) 474-0200 (U.S. toll free) or in writing at 55 East 52nd Street, New York, New York 10055.
This press release is neither an offer to purchase nor a solicitation of an offer to sell the Notes or any other securities. The tender offer was made only by and pursuant to the terms of the Offer to Purchase and the related Letter of Transmittal, and the information in this press release is qualified by reference to the Offer to Purchase and the related Letter of Transmittal.
This press release includes certain disclosures which contain “forward-looking statements.” You can identify forward- looking statements because they contain words such as “believes” and “expects.” Forward-looking statements are based on the Company’s current expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance.