Smurfit-Stone extends tender offer for senior notes
Jun 21, 2006. Smurfit-Stone Container Enterprises, Inc. is extending the expiration date of its tender offer.
Jun 21, 2006. /Lesprom Network/. Smurfit-Stone Container Corporation announced on June 20 that its wholly owned subsidiary, Smurfit-Stone Container Enterprises, Inc., is extending the expiration date of its tender offer, announced on May 23, 2006, for all of its outstanding 9.25% senior notes due 2008, and a portion of its outstanding 9.75% senior notes due 2011. As of 5:00 p.m. Eastern time on June 19, 2006, approximately $298 million of the outstanding 9.25% senior notes and approximately $723 million of the outstanding 9.75% senior notes have been tendered.
The expiration time has been extended from June 20, 2006 to June 29, 2006, 12:00 midnight, Eastern time. All other aspects of the tender offer, which commenced on May 23, 2006, remain unchanged and in effect.
Smurfit-Stone Container Corporation is the industry’s leading integrated manufacturer of paperboard and paper-based packaging. Smurfit-Stone is a leading producer of containerboard, including white top linerboard and recycled medium; corrugated containers; point-of-purchase displays; multiwall and specialty bags; and clay-coated recycled boxboard; and is one of the world’s largest collectors and marketers of recovered fiber. In addition, Smurfit-Stone is a leading producer of solid bleached sulfate, folding cartons, flexible packaging, and labels. The company operates approximately 240 facilities, located primarily in the U.S., Canada and Mexico, and employs approximately 33 500 people.