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Prospect News home > News index > List of issuers T > Headlines for Tenders 2006 > News item |
Real Mex starts change-of-control tender for 10% notes
By Laura Lutz
Des Moines, Sept. 19 - Real Mex Restaurants, Inc. began a change-of-control offer to purchase its $105 million outstanding 10% senior secured notes due 2010.
The company is offering to pay 101% of the principal amount of the notes plus accrued interest up to but excluding the date of payment.
Credit Suisse Securities (USA) LLC will purchase any notes tendered under the offer. Cocina Funding Corp., LLC, an affiliate of Farallon Capital Management, LLC, has committed to purchase the notes from Credit Suisse.
The offer is set to expire at 5 p.m. ET on Oct. 19.
Wells Fargo Bank, NA is the trustee for the notes.
On Aug. 21, the company closed a merger with RM Restaurant Holding Corp. and RM Integrated, Inc., which constituted a change of control under the note indenture.
Real Mex is a chain of Mexican food restaurants based in Cypress, Calif.
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