A.M. Castle & Co. Announces Extension of Deadline for Expiration of Secured Note Exchange Offer
OAK BROOK, Ill.--(BUSINESS WIRE)--A.M. Castle & Co. (NYSE:CAS) (the “Company” or “Castle”), a global distributor of specialty metal and plastic products, value-added services and supply chain solutions, announced today that it has elected to extend the deadline for eligible holders of its outstanding 12.75% Senior Secured Notes due 2016 (the “Existing Notes”) to validly tender their Existing Notes in connection with the Company’s private exchange offer and consent solicitation to certain eligible holders (the “Exchange Offer”) relating to the issuance of new 12.75% Senior Secured Notes due 2018 (the “New Notes”) in exchange for Existing Notes until 5:00 p.m., New York City time, on February 18, 2016. The Company has extended the deadline to accommodate the request of an eligible holder of approximately $3.1 million aggregate principal amount of Existing Notes (“Accommodated Holder”) that was unable to tender prior to the original expiration of the Exchange Offer. The Accommodated Holder has previously agreed to tender all of the Existing Notes it holds in the Exchange Offer.