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Terra Capital, Inc. Receives Requisite Consents for Consent Solicitation for Any and All of its 7.00% Senior Notes Due 2017.

Publication: Business Wire
Publication Date: 16-OCT-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
SIOUX CITY, Iowa -- Terra Capital, Inc. ("Terra Capital"), a wholly-owned subsidiary of Terra Industries Inc. ("Terra") (NYSE: TRA), today announced that, as of 1:30 p.m., New York City time, on October 16, 2009, pursuant to its previously announced cash tender offer and consent solicitation (the "Tender Offer") for any and all of its outstanding $330,000,000 7.00% Senior Notes due 2017 (CUSIP No. 88089PAF0) (the "2017 Notes"), it had received tenders and consents in respect of $166,220,000 aggregate principal amount of the 2017 Notes, representing approximately 50.37% of the outstanding 2017 Notes. Tendered 2017 Notes may no longer be withdrawn, and the related consents may not be revoked.

Holders who have not yet tendered their 2017 Notes may tender until 12:00 midnight, New York City time, on Monday, October 26, 2009, unless the Tender Offer is extended or terminated earlier by Terra Capital.

Any 2017 Notes not tendered and purchased pursuant to the Tender Offer will remain outstanding and the holders thereof will be bound by the amendments contained...

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