Mauser Packaging Solutions - Exchange Offer 2024 (US) - Results

Mauser Announces Final Results of Exchange Offer - US57763RAB33 - USU5763HAB16

30 APRIL 2024

Full announcement, including disclaimers and restrictions, via Prnewswire: Source: Mauser Packaging Solutions

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"As of 5:00 p.m. New York City time on April 29, 2024 (the "Expiration Time"), a total of $2,595,846,000 principal amount of Old Notes had been validly tendered in the Exchange Offer, representing approximately 94.39% of the outstanding Old Notes, which includes the $2,595,611,000 aggregate principal amount of Old Notes previously validly tendered and not validly withdrawn on or before 5:00 p.m. New York City time on April 12, 2024 (the "Early Tender Time"), and previously accepted by Mauser for exchange on April 16, 2024.

Eligible holders who validly tendered their Old Notes after the Early Tender Time but on or prior to the Expiration Time and whose Old Notes were accepted for exchange will receive $950 principal amount of New Notes per $1,000 principal amount of Old Notes tendered. All eligible holders whose Old Notes were accepted for exchange received or will receive, as applicable, accrued and unpaid interest in cash from the last interest payment date to, but not including, the applicable settlement date for the Exchange Offer. The final settlement date for the Exchange Offer will occur on April 30, 2024."

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Mauser Announces Exchange Offer

01 APRIL 2024

Full announcement, including disclaimers and restrictions, via Prnewswire: Source: Mauser Packaging Solutions

OAK BROOK, Ill., April 1, 2024 /PRNewswire/ -- Mauser Packaging Solutions Holding Company ("Mauser") today announced that it has commenced an offer to certain eligible holders described below to exchange any and all $2,750 million of its outstanding principal amount of 7.875% Senior First Lien Notes due 2026 (the "Old Notes") for newly issued 7.875% Senior First Lien Notes due 2027 (the "New Notes"), upon the terms and conditions set forth in the Confidential Offering Memorandum dated April 1, 2024 (the "Exchange Offer").

The table below summarizes the principal economic terms of the Exchange Offer

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Mauser Announces Final Results of Exchange Offer and Consent Solicitation

23 FEBRUARY 2023

Full announcement available via PRNEWSWIRE

OAK BROOK, Ill., Feb. 23, 2023 /PRNewswire/ -- Mauser Packaging Solutions Holding Company ("Mauser") today announced the final results of its offer to exchange any and all $1,350 million of its outstanding principal amount of 7.25% Senior Notes due 2025 (the "Old Notes") for newly issued 9.25% Senior Secured Second Lien Notes due 2027 (the "New Notes"), upon the terms and conditions set forth in the Confidential Offering Memorandum and Consent Solicitation Statement dated January 25, 2023 (the "Exchange Offer").

As of 11:59 p.m. New York City time on February 22, 2023 (the "Expiration Time"), a total of $1,344,186,000 principal amount of Old Notes had been validly tendered in the Exchange Offer, representing approximately 99.6% of the outstanding Old Notes, which includes the $1,329,916,000 aggregate principal amount of Old Notes previously validly tendered and not validly withdrawn on or before 5:00 p.m. New York City time on February 7, 2023 (the "Early Tender Time"), and previously accepted by Mauser for exchange on February 10, 2023.

Eligible holders who validly tendered their Old Notes after the Early Tender Time but on or prior to the Expiration Time and whose Old Notes were accepted for exchange will receive $950 principal amount of New Notes per $1,000 principal amount of Old Notes tendered. All eligible holders whose Old Notes were accepted for exchange received or will receive, as applicable, accrued and unpaid interest in cash from the last interest payment date to, but not including, the applicable settlement date for the Exchange Offer. The final settlement date for the Exchange Offer is expected to occur on February 23, 2023.

Mauser had previously received consents sufficient to approve the proposed amendments (the "Proposed Amendments") to the indenture governing the Old Notes (the "Consent Solicitation"). Accordingly, Mauser and the trustee for the Old Notes entered into a supplemental indenture containing such Proposed Amendments, and the Proposed Amendments became operative, concurrent with the settlement of Old Notes accepted for tender at the Early Tender Time, which occurred on February 10, 2023."

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Mauser Announces Results to Date of Exchange Offer and Consent Solicitation

08 FEBRUARY 2023

Full announcement available via PRNEWSWIRE.

OAK BROOK, Ill., Feb. 8, 2023 /PRNewswire/ -- Mauser Packaging Solutions Holding Company ("Mauser") today announced the interim results of its offer to exchange any and all $1,350 million of its outstanding principal amount of 7.25% Senior Notes due 2025 (the "Old Notes") for newly issued 9.25% Senior Secured Second Lien Notes due 2027 (the "New Notes"), upon the terms and conditions set forth in the Confidential Offering Memorandum and Consent Solicitation Statement dated January 25, 2023 (the "Exchange Offer").

As of 5:00 p.m. New York City time on February 7, 2023 (the "Early Tender Time"), a total of $1,329,916,000 principal amount of Old Notes had been tendered in the Exchange Offer, representing approximately 98.5% of the outstanding Old Notes. Accordingly, Mauser has received consents sufficient to approve the proposed amendments (the "Proposed Amendments") to the indenture governing the Old Notes (the "Consent Solicitation"). Mauser and the trustee for the Old Notes will enter into a supplemental indenture containing such Proposed Amendments, and the Proposed Amendments will become operative, concurrent with the settlement of Old Notes accepted for tender prior to the Early Tender Time, which is now expected to occur on February 10, 2023.

Eligible holders who validly tendered and did not withdraw their Old Notes prior to the Early Tender Time and whose Old Notes are accepted for exchange will receive $1,000 principal amount of New Notes per $1,000 principal amount of Old Notes tendered, along with accrued and unpaid interest in cash from the last interest payment date to, but not including, the initial settlement date for the Exchange Offer.

The Exchange Offer remains open until 11:59 p.m., New York City time, on February 22, 2023 (the "Expiration Time"). The withdrawal deadline has passed and holders no longer have the right to withdraw any Old Notes previously tendered and will not have the right to withdraw any Old Notes tendered through the Expiration Time. For any Old Notes tendered after the Early Tender Time and prior to the Expiration Time and accepted for exchange, eligible holders will receive $950 in principal amount of New Notes per $1,000 principal amount of Old Notes, along with accrued and unpaid interest in cash from the last interest payment date to, but not including, the final settlement date for the Exchange Offer, which is expected to occur promptly after the Expiration Time."

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MAUSER PACKAGING SOLUTIONS HOLDING COMPANY ANNOUNCES EXCHANGE AND CONSENT OFFER

25 JANUARY 2023

Full announcement available via PRNEWSWIRE.

"OAK BROOK, Ill., Jan. 25, 2023 /PRNewswire/ -- Mauser Packaging Solutions Holding Company ("Mauser") today announced that it has commenced an offer to certain eligible holders described below to exchange any and all $1,350 million of its outstanding principal amount of 7.25% Senior Notes due 2025 (the "Old Notes") for newly issued 9.25% Senior Secured Second Lien Notes due 2027 (the "New Notes"), upon the terms and conditions set forth in the Confidential Offering Memorandum and Consent Solicitation Statement dated January 25, 2023 (the "Exchange Offer").

The table below summarizes the principal economic terms of the Exchange Offer.

The table below summarizes the principal economic terms of the Exchange Offer."

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"In conjunction with the Exchange Offer, Mauser is soliciting consents (the "Consent Solicitation") to eliminate certain restrictive covenants and events of default in the indenture governing the Old Notes, which requires participation from holders representing a majority of the outstanding principal amount of the Old Notes to adopt the proposed amendments (the "Requisite Consents"). Holders who tender their Old Notes in the Exchange Offer will be deemed to have submitted consents pursuant to the Consent Solicitation".