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Morgans Hotel Group Co. Announces Extension of Expiration Date of MHG HR Acquisition Corp.'s Tender Offer for Hard Rock Hotel, Inc.'s 8-7/8% Second Lien Notes due 2013.

Publication: PR Newswire
Publication Date: 31-JAN-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK, Jan. 30 /PRNewswire-FirstCall/ -- Morgans Hotel Group Co. ("Morgans") announced today, in connection with the cash tender offer and consent solicitation by its wholly-owned subsidiary, MHG HR Acquisition Corp. (the "Company"), for any and all of the outstanding $140,000,000 aggregate principal amount of 8 7/8% Second Lien Notes due 2013 (the "Notes") of Hard Rock Hotel, Inc. ("Hard Rock Hotel & Casino") (the "Offer"), that the Company is extending the Expiration Date (as defined in the Offer to Purchase and Consent Solicitation Statement) from 5:00 p.m., New York City time, on January 30, 2007, to 8:00 a.m., New York City time, on February 1, 2007. Holders who have previously tendered Notes do not need to re-tender their Notes or take any other action in response to these extensions.

As of 5:00 p.m., New York City time, on January 30, 2007, the Company had received tenders and consents from holders of approximately $139 million in aggregate principal amount of the Notes, representing approximately 99.4% of the...

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