KEENE, N.H.--(BUSINESS WIRE)--C&S Group Enterprises LLC (the “Company”) announced today the final tender offer results in respect to its previously announced cash tender for its 8.375% Senior Secured Notes due 2017 (the “2017 Notes”). The tender offer expired at midnight, New York City time, on July 23, 2014 (the “Expiration Time”). As of 5:00 p.m., New York City time, on July 9, 2014 (the “Early Tender Time”), the Company had received tenders from holders of approximately $148.1 million aggregate principal amount (or approximately 61.7% of the total outstanding principal amount) of the 2017 Notes, all of which were accepted for payment and settled on July 10, 2014. No additional 2017 Notes were validly tendered after the Early Tender Time.
As previously announced, any of the Company’s 2017 Notes not validly tendered on or prior to the Expiration Time in accordance with the Offer to Purchase were called for redemption and will be redeemed for cash on August 11, 2014.
Forward-Looking Statements
This press release contains forward-looking statements, including statements relating to C&S Group Enterprises LLC’s cash tender offer for, and redemption of, the 2017 Notes. These statements are not historical facts but rather are based on current expectations, estimates and projections regarding C&S Group Enterprises LLC’s and its affiliates’ business, operations and other factors relating thereto, including with respect to the cash tender offer for, and redemption of, the 2017 Notes. Words such as "may," "will," "could," "would," "should," "anticipate," "predict," "potential," "continue," "expects," "intends," "plans," "projects," "believes," "estimates" and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict.
The forward-looking statements contained in this announcement speak only as of the date of this announcement, and C&S Group Enterprises LLC does not assume any obligation to publicly update or revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable law.
About C&S Group Enterprises LLC
C&S Group Enterprises LLC, through its affiliate C&S Wholesale Grocers, Inc. (“C&S”), operates the largest wholesale grocery distributor in the United States, based on revenue. Founded in 1918, C&S provides grocery wholesaling and distribution services to the grocery retail industry. From its distribution centers located in the Northeast, Mid-Atlantic, Southeast, upper Mid-West, West Coast and Hawaii, C&S delivers food and non-food products to approximately 5,000 grocery stores across the United States. Through other affiliated companies, C&S Group Enterprises also provides third-party logistics solutions to large food and non-food manufacturers, operates retail grocery stores, licenses certain trademarks for use in the retail grocery business and develops technologies for use in warehouses.