Handmaker Announces Extension Of Expiration Date Of Its Tender Offer For Pima County IDA Revenue Bonds
TUCSON, Ariz., May 18, 2012 /PRNewswire/ — Handmaker Jewish Services for the Aging today announced that it has extended the offer period of its previously announced tender offer to purchase all outstanding bonds in the following issues: The Industrial Development Authority of the County of Pima Health Care Facilities Replacement Revenue Bonds (Handmaker Jewish Services for the Aging Project) Series 2007B and The Industrial Development Authority of the County of Pima Health Care Facilities Replacement Revenue Bonds (Handmaker Jewish Services for the Aging Project) Series 2007C (collectively, the “Subject Bonds”). The tender offer, which is being made pursuant to an Offer to Purchase dated April 19, 2012 (the “Offer to Purchase”), was to have expired at 11:59 p.m., New York City time, on May 17, 2012, will now be extended to 11:59 p.m., New York City time, on May 24, 2012, unless the tender offer is terminated or further extended (the “Expiration Date”).
As of 5:16 p.m., New York City time, on May 17, 2012, tenders and consents had been received with respect to $2,794,202 principal amount of the Subject Bonds, representing approximately 22.13% of the Subject Bonds outstanding. Except for the extension of the Expiration Date as described above, all other terms and conditions of the tender offer and consent solicitation remain unchanged. Holders that have previously tendered their Subject Bonds do not need to re-tender their Subject Bonds or take any other action in response to this extension. Holders do have the right to withdraw their tender of Subject Bonds if they so elect.
This announcement is not an offer to purchase, a solicitation of an offer to sell, or a solicitation of consents with respect to the Subject Bonds or any new securities. The tender offer is being made solely by means of the Offer to Purchase. The tender offer is not being made in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. None of Handmaker, the information agent and tender agent, or their respective affiliates is making any recommendation as to whether or not holders should tender all or any portion of their Subject Bonds in the tender offer or deliver their consent to the proposed amendments.
SOURCE Handmaker Jewish Services for the Aging