As previously announced, the consent payment deadlines with respect to the tender offers
and consent solicitations for all of the Notes have expired and withdrawal rights have terminated.
In each case, holders whose Notes are accepted for payment in the tender offers
will receive accrued and unpaid interest in respect of such purchased Notes from the last interest payment date to, but not including, the payment date for Notes purchased in the tender offers
The total consideration offered in the tender offers
and consent solicitations for the 1997 Indenture Notes and the 2000 Indenture Notes includes a consent payment of $50.
00 per $1,000 principal amount of the Internotes identified in the Offer to Purchase referred to below, in each case payable in respect of notes validly tendered and not validly withdrawn and as to which consents to the proposed amendments are delivered on or prior to the Consent Payment Deadline, subject to the terms and conditions of the tender offers
and consent solicitations.
In addition, any holders who validly tender and do not validly withdraw their Notes in the tender offers
will receive accrued and unpaid interest from the last interest payment date to, but not including, the settlement date with respect to such series of Notes, payable on the applicable settlement date.
Tenders of Notes prior to the Early Tender Date may be validly withdrawn and consents may be validly revoked at any time prior to the Early Tender Date, but not thereafter unless the tender offers
and the consent solicitations are terminated without any Notes being purchased.
will act as Information Agent and Depositary for the tender offers
and consent solicitations for the Notes.
The tender offers
by Hexion will expire at midnight, New York City time, on May 17, 2006, unless extended or earlier terminated by Hexion (the "Expiration Date").
The tender offers
and the consent solicitation are being made only pursuant to the Company's Offer to Purchase and Consent Solicitation Statement dated February 16, 2006.
ALASKA COMMUNICATIONS SYSTEMS ANNOUNCES TENDER OFFER
FOR ANY AND ALL OF ITS 9 7/8% SENIOR NOTES DUE 2011 AND SEEKS TO AMEND ITS 2005 SENIOR CREDIT FACILITY
The complete terms and conditions of the tender offers
and consent solicitations are described in the Offer to Purchase and Consent Solicitation Statement dated December 15, 2005 relating to the NRG Notes, and the Offer to Purchase and Consent Solicitation Statement dated December 15, 2005 relating to the Texas Genco Notes, copies of which may be obtained from MacKenzie Partners, Inc.
All Notes purchased pursuant to the tender offers
will be retired upon purchase.