Coinmach (AMEX:DRY)
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From Feb 2020 to Feb 2025
Coinmach Service Corp. (AMEX: "DRY") (the "Company")
hereby announces the expiration, as of 9:00 A.M. EST today, of the
deadline (the "Early Tender Payment Deadline") for holders of the
Company's 11% senior secured notes due 2024 (the "Notes") to receive
an early tender payment in connection with the Company's previously
announced cash tender offer (the "Tender Offer"). The Tender Offer is
scheduled to expire at 9:00 A.M. EST on February 3, 2006. Holders who
validly tender their Notes after the expiration of the Early Tender
Payment Deadline will be entitled to the regular tender payment of
$6.6926 per $6.14 principal amount of Notes tendered.
As of 5:00 P.M. EST on January 24, 2006, approximately $48 million
aggregate principal amount of Notes had been validly tendered and
corresponding consents validly delivered.
Jefferies & Company, Inc. is acting as the exclusive dealer
manager and consent solicitation agent for the Tender Offer. Copies of
the offer to purchase and consent solicitation statement dated January
5, 2006, as amended and supplemented on January 17, 2006 (such
statement as amended and supplemented, the "Statement") may be
obtained from, and questions regarding the Tender Offer and the
consent solicitation may be directed to, the information agent,
MacKenzie Partners, Inc., which can be reached at (212) 929-5500
(collect) and toll-free at (800) 322-2885.
This press release is for informational purposes only and is not
an offer to purchase or a solicitation of an acceptance of an offer to
purchase with respect to any Notes. The offer or solicitation may be
made only pursuant to the terms of the Statement and the related
letter of transmittal.
About Coinmach Service Corp.
Coinmach Service Corp., through its operating subsidiaries, is a
leading supplier of outsourced laundry equipment services for
multi-family housing properties in North America. The Company's core
business involves leasing laundry rooms from building owners and
property management companies, installing and servicing laundry
equipment and collecting revenues generated from laundry machines.
This press release may contain forward-looking statements that are
subject to certain risks, uncertainties and assumptions, including the
ability to satisfy the conditions to consummate the tender offer.
Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary
materially from those anticipated, estimated, or projected. These
risks are described in the Company's filings with the Securities and
Exchange Commission (the "SEC") over the last 12 months, copies of
which are available from the SEC or may be obtained from the Company.