ShopKo Announces Expiration of Tender Offer and Repurchase of 9-1/4% Senior Notes Due 2022

Share Name	Share Symbol	Market	Type
Shopko Stores	NYSE:SKO	NYSE	Ordinary Share

Share Name

Share Symbol

Market

Type

Shopko Stores

NYSE:SKO

NYSE

Ordinary Share

Price Change

% Change

Share Price

High Price

Low Price

Open Price

Shares Traded

Last Trade

0.00

0.00%

0.00

ShopKo Announces Expiration of Tender Offer and Repurchase of 9-1/4% Senior Notes Due 2022

29/12/2005 5:14pm

PR Newswire (US)

Shopko Stores (NYSE:SKO)
Historical Stock Chart

From Jun 2019 to Jun 2024

Click Here for more Shopko Stores Charts.

GREEN BAY, Wis., Dec. 29 /PRNewswire-FirstCall/ -- ShopKo Stores, Inc. announced today that its offer to purchase (the "Offer") any and all of its outstanding $100 million principal amount of 9-1/4% Senior Notes due 2022 (the "Notes") expired and ShopKo has repurchased all validly tendered Notes. The Offer expired as of 5:00 p.m., New York City time, on December 28, 2005 and all of the conditions contained in the Offer have been satisfied or waived as previously announced. As of the expiration of the Offer, $94,301,000 in aggregate principal amount of the Notes were validly tendered. This amount represents approximately 94.3% of the outstanding principal amount of the Notes. ShopKo has repurchased all of the Notes that were validly tendered prior to the expiration of the Offer. ShopKo announced on August 15, 2005 that it had received the requisite consents to amend the indenture governing the Notes. ShopKo executed a supplemental indenture on August 16, 2005, eliminating substantially all of the restrictive covenants and certain events of default in the indenture governing the Notes. Notes that were not validly tendered in the Offer and remain outstanding will continue to be subject to the terms of the indenture as so amended. Banc of America Securities LLC acted as the sole dealer manager for the Offer. Questions regarding the Offer may be directed to Banc of America Securities LLC at (212) 847-5834 or (888) 292-0070. ShopKo Stores, Inc. is a retailer of quality goods and services headquartered in Green Bay, Wis., with stores located throughout the Midwest, Mountain and Pacific Northwest regions. Retail formats include 140 ShopKo stores, providing quality name-brand merchandise, great values, pharmacy and optical services in mid-sized to larger cities; 223 Pamida stores, 116 of which contain pharmacies, bringing value and convenience close to home in small, rural communities; and three ShopKo Express Rx stores, a new and convenient neighborhood drugstore concept. For more information about ShopKo, Pamida or ShopKo Express Rx, visit our Web site at http://www.shopko.com/. DATASOURCE: ShopKo Stores, Inc. CONTACT: Banc of America Securities LLC, +1-212-847-5834, or +1-888-292-0070 Web site: http://www.shopko.com/

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

SKO Shopko Stores