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Invited, Inc. - Tender Offer 2024 (US) - Early Results and Amendment

 

27 MARCH 2024


Full announcement including disclaimers and offer/distribution restrictions available via Globenewswire


"DALLAS, March 27, 2024 (GLOBE NEWSWIRE) -- Invited, Inc. today announced the early tender results for the previously announced tender offer (the “Tender Offer”) by ClubCorp Holdings, Inc., its indirect wholly-owned subsidiary (the “Company”), to purchase for cash up to $82,731,000 aggregate principal amount (the “Tender Cap”) of its outstanding 8.50% Senior Notes due 2025 (the “Notes”). The Tender Offer is subject to the terms and conditions set forth in the confidential Offer to Purchase dated March 13, 2024 (the “Offer to Purchase”), including the Tender Cap and any required proration.


The Company also announced that it is amending the terms of the Tender Offer so that holders who validly tender their Notes at or prior to 5:00 p.m., New York City time, on April 10, 2024 (the “Expiration Time”) will be eligible to receive total consideration of $950.00 per $1,000 principal amount of Notes tendered, which includes an early tender premium equal to $30.00 per $1,000 principal amount of Notes tendered, subject to the Tender Cap and any required proration as described in the Offer to Purchase. Other than as set forth in the immediately preceding sentence, all other terms and conditions of the Tender Offer remain as set forth in the Offer to Purchase.


As of the previously announced early tender deadline of 5:00 p.m., New York City time, on March 26, 2024 (the “Early Tender Time”), the Company has been advised by Global Bondholder Services Corporation, as Depositary for the Tender Offer, that $29,600,000 in aggregate principal amount, or approximately 26.94%, of the outstanding Notes had been validly tendered and not withdrawn in the Tender Offer. The withdrawal deadline relating to the Tender Offer occurred at the Early Tender Time. Notes previously tendered and not withdrawn and Notes that are tendered after the withdrawal deadline may not be withdrawn, except as required by law. The Tender Offer is scheduled to expire at 5:00 p.m., New York City time, on April 10, 2024, unless extended or earlier terminated."


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Invited Announces Commencement of Partial Tender Offer for its 8.50% Senior Notes due 2025 - 210374AA2 - U21007AA4
 

13 MARCH 2024


Full announcement including disclaimers and offer/distribution restrictions available via Globenewswire


DALLAS, March 13, 2024 (GLOBE NEWSWIRE) -- Invited, Inc. announced today that ClubCorp Holdings, Inc., its indirect wholly-owned subsidiary (the “Company”), has commenced a partial tender offer to purchase (the “Tender Offer”) up to $82,731,000 aggregate principal amount (the “Tender Cap”) of its outstanding 8.50% Senior Notes due 2025 (the “Notes”) for cash, upon the terms and conditions set forth in the confidential Offer to Purchase (the “Offer to Purchase”) dated March 13, 2024.

The Notes and other information relating to the Tender Offer are listed in the table below. The Offer to Purchase more fully sets forth the terms of the Tender Offer.



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