Santo Domingo.– Cap Cana has extended the Consent Payment Deadline for its previously announced exchange offer and consent solicitation originally announced on March 31, 2009, for any and all of its outstanding 9.625% Senior Secured Notes due 2013.
According to a press release, holders that wish to receive the consent payment referred to below must validly tender and not validly withdraw their Existing Notes on or prior to 5:00 p.m., New York City time, on April 20, 2009, unless further extended. The Exchange Offer and Consent Solicitation will expire at 11:59 p.m., New York City time, on April 27, 2009, unless extended.
Holders tendering their Existing Notes will be required to consent to proposed amendments to the indenture pursuant to which the Existing Notes were issued, which would eliminate substantially all of the restrictive covenants contained in the Indenture and the Existing Notes themselves, eliminate certain events of default, modify covenants regarding mergers and consolidations, and modify or eliminate certain other provisions contained in the Indenture and the Existing Notes themselves.
Holders
may not exchange their Existing Notes without also delivering consents and may
not deliver consents without also exchanging their Existing Notes. Cap Cana is
offering to pay holders of Existing Notes a consent payment of US$5.00 per
US$1,000 principal amount of Existing Notes.
