Green Bay, Wisconsin based quality goods retailer ShopKo Stores Inc announced it has extended its offer to purchase (the "Offer") any and all of its outstanding $100 million principal amount of 9-1/4 percent Senior Notes due 2022 (the "Notes") in connection with the previously announced definitive merger agreement that provides for the acquisition of ShopKo by Badger Retail Holding Inc and Badger Acquisition Corp, which are affiliates of Minneapolis-based private equity firm Goldner Hawn Johnson & Morrison Incorporated (the "Merger").
The Offer, scheduled to expire on Wednesday, August 3, 2005 at 12:00 Midnight, New York City time, will now expire at 5:00 p.m., New York City time, on Friday, August 5, 2005, unless further extended or earlier terminated by ShopKo. All other terms, provisions and conditions of the Offer will remain in full force and effect.
The terms of the Offer and Solicitation, including the proposed amendments to the indenture governing the Notes, are described in the Offer to Purchase and Consent Solicitation Statement dated June 30, 2005, copies of which may be obtained from Global Bondholder Services Corporation, the information agent for the Offer, at (866) 736-2200 (US toll free) or (212) 430-3774 (collect).
ShopKo said it has been informed by the information agent that, as of 12:00 Midnight, New York City time, on August 3, 2005, approximately $9.3 million in aggregate principal amount of Notes had been tendered in the Offer. This amount represents approximately 9.3 percent of the outstanding principal amount of the Notes.
marketing@alchempro.com
