AVINTIV Specialty Materials Inc. Announces Completion of Exchange Offer For Its 6.875% Senior Notes Due 2019
By PRN NewsWire
By PRN NewsWire
CHARLOTTE, N.C., Sept. 14, 2015 /PRNewswire/ — AVINTIV Specialty Materials Inc. announced the completion of its offer to exchange its outstanding 6.875% Senior Notes due 2019 that were issued on July 1, 2014 (the “Outstanding Notes”) for an equal principal amount of 6.875% Senior Notes due 2019 which have been registered under the Securities Act.
The exchange offer expired at 5:00 p.m., New York City time, on September 8, 2015. At the time of the expiration, subject to confirmation of tenders sent via the guaranteed delivery procedures set forth in the prospectus, tenders of approximately $207 million aggregate principal amount, or 99%, of the Outstanding Notes, have been received pursuant to the exchange offer.
This press release is neither an offer to exchange nor a solicitation of an offer to exchange any securities.
About AVINTIV Inc.
Formerly PGI, we’ve rebranded our company to better reflect who we are and our impact on the world. We excel in the innovative application of technology to create versatile, high-performance specialty materials. Our three areas of focus are: Infection Prevention, High Performance Solutions and Personal Care. With 23 locations in 14 countries, an employee base of over 4,000 people and the broadest range of process technologies in our industry, AVINTIV is a global supplier to leading consumer and industrial product manufacturers. AVINTIV’s manufacturing facilities are strategically located near many key customers.
We work closely with them to provide engineered solutions to meet increasing demand for more sophisticated products.
For more information please contact:
Michael NeeseVP, Investor RelationsAVINTIVT +1 704 697 5171F +1 704 697 5122Michael.Neese@avintiv.com
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AVINTIV Specialty Materials Inc.