PALM BEACH GARDENS, Fla. Jan. 21, 2011 $135.35 million
5:00 p.m. New York City January 20, 2011 $86,960,000 $1,043.13 $1,000 $20 $1,000 January 20, 2011 January 21, 2011 $92.6 million
Tendering holders also delivered the requisite consents to the adoption of certain proposed amendments to the indenture governing the Notes. Consents authorizing entry into a supplemental indenture containing the proposed amendments were obtained from a majority in aggregate principal amount of the Notes. Accordingly, the supplemental indenture has been executed and will become operative. The supplemental indenture eliminated substantially all of the restrictive covenants, certain affirmative covenants, certain events of default and substantially all of the restrictions on the ability of Dycom, Dycom Investments and certain of their respective subsidiaries to merge, consolidate or sell all or substantially all of their properties or assets contained in the indenture governing the Notes.
New York City February 3, 2011
If not all Notes are validly tendered pursuant to the tender offer, Dycom Investments will redeem any untendered Notes in accordance with the indenture governing the Notes.
Dycom Investments has engaged Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as the Dealer Managers and Solicitation Agents for the tender offer and consent solicitation. Global Bondholder Services Corporation is acting as the Information Agent and Depositary for the tender offer and consent solicitation.
January 6, 2011
Neither Dycom, Dycom Investments, the Dealer Managers and the Solicitation Agents nor the Information Agent and Depositary, nor any other person makes any recommendation as to whether holders of Notes should tender their Notes, and no one has been authorized to make such a recommendation.
the United States
This press release contains forward-looking statements as contemplated by the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations, estimates and projections. Forward-looking statements are subject to risks and uncertainties that may cause actual results in the future to differ materially from the results projected or implied in any forward-looking statements contained in this press release. Such risks and uncertainties include but are not limited to: anticipated outcomes of contingent events, including litigation; projections of revenues, income or loss, or capital expenditures; whether the carrying value of our assets are impaired; plans for future operations, growth and acquisitions, dispositions, or financial needs; availability of financing; plans relating to our services, including our contract backlog; restrictions imposed by our credit agreement and other debt instruments; the use of our cash flow to service our debt; future economic conditions and trends in the industries we serve; assumptions relating to any of foregoing, as well as other risks detailed in our filings with the Securities and Exchange Commission. Dycom does not undertake to update forward-looking statements.
SOURCE Dycom Industries, Inc.