Lexmark gets OK to transfer reporting obligations under notes due 2020

By Susanna Moon

Chicago, April 11 – Lexmark International, Inc. said it obtained the needed majority of consents to amend its senior notes due 2020.

As a result, Lexmark plans to execute a supplemental indenture to implement the changes, according to a company update on Tuesday.

The company began soliciting consents on March 10 to ask for approval to modify the reporting covenant so that any financial statements and reports would be provided by Lexmark International II, LLC, the guarantor of the notes and a parent company of Lexmark.

The proposed amendment would also modify the reporting covenant to allow Lexmark International II, LLC to post its financial statements and reports on a website.

The consent solicitation ended at 5 p.m. ET on April 10.

The consent payment will be $5.00 per $1,000 principal amount to holders as of 5 p.m. ET on March 9 who gave their consents under the solicitation.

D.F. King & Co., Inc. (800 487-4870, 212 269-5550 or lexmark@dfking.com) is the information agent, tabulation agent and payment agent.

Lexmark is a Lexington, Ky.-based creator of enterprise software, hardware and services.

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