Pinnacle Foods begins cash tender offer to buy notes

by Staff
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MOUNTAIN LAKES, N.J. — Pinnacle Foods Group Inc. on Thursday commenced a cash tender offer to purchase any and all of its outstanding 8.25% senior subordinated notes due 2013. The offer, along with a consent solicitation to amend the indenture pursuant to which the notes were issued, is being made in connection with the previously announced agreement by Peak Acquisition Corp., an affiliate of The Blackstone Group, to merge with and into Crunch Holding Corp., which owns all of the issued and outstanding capital stock of Pinnacle Foods.

The tender offer will expire at midnight, E.S.T., on April 5, unless extended or earlier terminated by Pinnacle Foods. In order to be eligible to receive the total consideration for tendered notes, holders must validly tender and not withdrawn their notes at or prior to 5:00 P.M., E.S.T., on March 21, unless extended or amended by Pinnacle Foods. Tendered notes may not be withdrawn and consents may not be revoked after the consent date, Pinnacle said.

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