ENGLEWOOD, Colo., March 22, 2019 (GLOBE NEWSWIRE) -- Ascent Capital Group, Inc. (NASDAQ: ASCMA) (“Ascent”) announced today that it is amending the terms of its previously announced cash tender offer (the “Offer”) to purchase any and all of its outstanding 4.00% Convertible Senior Notes due 2020 (the “Notes”) made pursuant to the terms and conditions as set forth in the offer to purchase (the “Offer to Purchase”) and the related notice of guaranteed delivery (the “Notice of Guaranteed Delivery”), each dated February 19, 2019, to (i) increase the purchase price that it is offering for the outstanding Notes that are accepted for payment pursuant to the Offer from $710.32 for each $1,000 principal amount of Notes, plus accrued and unpaid interest thereon, to $950.00 for each $1,000 principal amount of Notes with no accrued and unpaid interest to be payable and (ii) further extend the expiration time of the Offer from 5:00 p.m., New York City Time, on March 25, 2019 to 5:00 p.m., New York City Time, on March 29, 2019, unless extended or earlier terminated as described in the Offer to Purchase (such time and date, as the same may be extended or earlier terminated, the “Expiration Time”). For the avoidance of doubt, no accrued interest will be payable in respect of any Notes that are accepted for payment pursuant to the Offer.
Ascent Capital Group Announces Increase in Tender Offer Price, Further Extension of Expiration Time and Execution of Support Agreement for Cash Tender Offer for Any and All Outstanding 4.00% Convertible Senior Notes Due 2020
Mar 22, 2019
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