Interpool (NYSE:IPX)
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Interpool, Inc. (NYSE: IPX) announced today that it has extended the
consent date applicable to its previously announced tender offer for all
of the $230 million principal amount of its outstanding 6.0% Senior
Notes due 2014 (the “Notes”),
CUSIP Number 46062R AP 3. The consent date will now be 5:00 p.m., New
York City time, on Friday, June 29, 2007 (as extended, the “Consent
Date”). In connection with the tender offer,
consents are being solicited from noteholders to make certain proposed
amendments to the indenture governing the Notes.
Interpool is offering to purchase all of the outstanding Notes at a
price of $1,015.00 per $1,000 principal amount of the Notes (the “Total
Consideration”). The Total Consideration
includes $20.00 per $1,000 principal amount of Notes (the “Consent
Payment”) payable only in respect of Notes
validly tendered with consents on or prior to the new Consent Date. The
Total Consideration less the Consent Payment is referred to as the “Tender
Offer Consideration.” In addition, holders who
validly tender and do not validly withdraw their Notes in the tender
offer will receive accrued and unpaid interest from the last interest
payment date up to, but not including, the date of payment for the
Notes, if the Notes are accepted for purchase pursuant to the tender
offer. Holders who tender their Notes after the new Consent Date, will
not be eligible to receive the Consent Payment. Any holder validly
tendering Notes after the new Consent Date will, if such Notes are
accepted for purchase pursuant to the tender offer, receive the Tender
Offer Consideration, plus accrued but unpaid interest to, but not
including, the date of payment for the Notes so tendered.
The expiration date of the tender offer, 8:00 a.m., New York City time,
on July 19, 2007, remains unchanged. Except as described above, all
other terms, provisions and conditions of the Offer to Purchase (the “Offer”)
and Consent Solicitation (the “Solicitation”)
will remain in full force and effect. The terms of the Offer and
Solicitation, including the proposed amendments to the indenture
governing the Notes, are described in the Offer to Purchase and Consent
Solicitation Statement dated June 13, 2007 (the “Tender
Offer Documents”).
The exclusive dealer manager and solicitation agent for the tender offer
is Bear, Stearns & Co. Inc. (“Bear Stearns”).
Questions regarding the tender offer may directed to Bear Stearns at
(877) 696-BEAR (toll free) or (212) 272-5112 (collect). The tender agent
for the tender offer is D.F. King & Co., Inc. Requests for Tender Offer
Documents may be directed to D.F. King & Co., Inc., as information agent
for the tender offer, at 48 Wall Street, 22nd
Floor, New York, New York 10005. The information agent may be contacted
at (212) 269-5550 (for banks and brokers only) and (800) 628-8208 (for
all others toll free).
This release does not constitute an offer to purchase, a solicitation of
an offer to sell or a solicitation of consent with respect to any
securities. The offer is being made solely by the Tender Offer Documents.
ABOUT INTERPOOL, INC.
Interpool is one of the world leading suppliers of equipment and
services to the transportation industry. It is the world largest lessor
of intermodal container chassis and a world-leading lessor of cargo
containers used in international trade.
Note: This press release and other press releases and information can be
viewed at Interpool website at www.interpool.com
This Press Release contains certain forward-looking statements
regarding future circumstances. These forward-looking statements are
subject to risks and uncertainties that could cause actual results to
differ materially from those contemplated in such forward-looking
statements, including in particular the risks and uncertainties
described in the company's SEC filings. The Company undertakes no
obligation to publicly release any revisions to these forward-looking
statements to reflect events or circumstances after the date hereof.