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Grupo Gigante, S.A.B. de C.V. Announces Receipt of Requisite Consents for Previously Announced Tender Offer and Consent Solicitation.

Publication: PR Newswire
Publication Date: 12-DEC-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
MEXICO CITY, Dec. 12 /PRNewswire/ -- Grupo Gigante, S.A.B. de C.V. ("Gigante") announced today that, in connection with the previously announced cash tender offer and consent solicitation for its outstanding $260 million 8.75% Senior Notes due 2016 (the "Notes"), it has received the requisite consents to amend the indenture governing the Notes.

As of 5:00 p.m., New York City time, on December 11, 2007 (the "Early Consent Date"), tenders and consents had been received with respect to approximately $232.5 million aggregate principal amount of the Notes, representing approximately 89% of the total outstanding Notes. Gigante...

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