Jack Cooper Holdings Corp is a holding company which through its subsidiary, Jack Cooper Transport Company, Inc., provides transport distribution services. The company is based in Kansas City, Missouri.
1100 Walnut Street
Kansas City, MO 64106
Jack Cooper Holdings Corp Announces Expiration and Results of its Tender Offer and Consent Solicitation for 12.75% Senior Secured Notes Due 2015
Jul 1 13
Jack Cooper Holdings Corp. (JCHC) announced the final results of the previous tender offer and consent solicitation by JCHC for its outstanding 12.75% senior secured notes due 2015. The tender offer and consent solicitation expired at 11:59 p.m., New York City time on June 28, 2013. On June 18, 2013 (the Early Payment Date), JCHC accepted for purchase $136,709,000 aggregate principal amount of the outstanding notes that were validly tendered and not withdrawn prior to 5:00 p.m., New York City time on June 14, 2013 (the Consent Payment Deadline). JCHC accepted for purchase, and made payment for, all such notes on the early payment date. No additional notes were tendered after the consent payment dealing but before the expiration time. The notes tendered represent approximately 86.80% of the aggregate principal amount of notes outstanding prior to the launch of the tender offer and consent solicitation.
Jack Cooper Holdings Corp Announces Commencement of Tender Offer and Consent Solicitation for 12.75% Senior Secured Notes Due 2015
Jun 3 13
Jack Cooper Holdings Corp. announced that it is launching a tender offer and consent solicitation for its outstanding 12.75% Senior Secured Notes due 2015 bearing CUSIP Numbers 466355AC8 (Rule 144A Notes), U4687AAA4 (Regulation S Notes), and 466355AD6. The company is offering to purchase all of the outstanding Notes. The company also is soliciting consents to (a) certain proposed amendments to the indenture governing the Notes, which would eliminate most of the restrictive covenants and certain of the events of default contained in the Indenture; and (b) a lien release, which would release all of the liens of the collateral agent over the collateral securing the Notes. Holders who tender their Notes will be required to consent to the proposed amendments and the lien release, and holders who consent to the proposed amendments and the lien release will be required to tender their Notes. The company is seeking consents to the proposed amendments and the lien release as a single proposal. Accordingly, any consent purporting to consent to the proposed amendments and the lien release only in part will be deemed a valid delivery of consent to all of the proposed amendments and the lien release. The company intends to use the net proceeds from a proposed $225 million debt financing and an amended and restated revolving facility, together with cash on hand, to fund the tender offer and consent solicitation, repay certain other indebtedness and redeem certain preferred stock of the company and pay related fees and expenses. Following payment for the Notes accepted pursuant to the terms of the tender offer, the company currently intends, but is not obligated, to redeem any and all Notes that remain outstanding. The tender offer does not constitute a notice of redemption or an obligation to issue a notice of redemption. The Tender Offer and Consent Solicitation are being made by the company pursuant to an offer to purchase and consent solicitation statement and a related letter of transmittal, each dated as of June 3, 2013. The tender offer and consent solicitation will expire at 11:59 p.m., New York City time, on June 28, 2013, unless extended. Payment for the Notes validly tendered (and not validly withdrawn) and the consents validly delivered (and not validly revoked) will be made on a date promptly following the expiration time. A consent payment will be paid to holders who tender Notes and deliver consents on or prior to 5:00 p.m., New York City time, on June 14, 2013, unless extended. Notes tendered may be withdrawn at any time at or before 5:00 p.m., New York City time, on June 14, 2013 but not thereafter, except as required by law. The company may extend the Consent Payment Deadline without extending the Withdrawal Deadline. The total consideration, as more fully described in the Statement, for each $1,000 principal amount of Notes to be paid for each validly tendered Note will be $1,071.25. The total consideration includes a consent payment of $30 per $1,000 of principal amount of Notes and will be paid on the applicable payment date, to holders who tender their Notes and provide their consents to the proposed amendments and the lien release on or prior to the consent payment deadline. Holders of notes tendered after the consent payment deadline but at or before the expiration time will be eligible to receive the tender offer consideration of $1,041.25 per $1,000 principal amount of Notes. The tender offer consideration is equal to the total consideration minus the consent payment. In addition, holders whose Notes are accepted for purchase in the tender offer will receive accrued and unpaid interest in respect of their purchased Notes from the last interest payment date on their Notes up to, but not including, the applicable payment date for the Notes. Tenders of Notes will be accepted only in principal amounts of $1,000 or integral multiples of $1,000 in excess thereof.
Jack Cooper Holdings Corp Presents at Imperial Capital 6th Annual Global Opportunities Conference, Sep-20-2012 09:30 AM
Sep 17 12
Jack Cooper Holdings Corp Presents at Imperial Capital 6th Annual Global Opportunities Conference, Sep-20-2012 09:30 AM. Venue: Waldorf=Astoria, 301 Park Avenue, New York, NY 10022, United States.