Goodman Repurchases and Discharges Existing Senior Subordinated Notes

As part of the refinancing, Goodman completed cash tender offers and consent solicitations for its outstanding 7-7/8% Senior Subordinated Notes due 2010 and Floating Rate Notes due 2010. The indentures were amended to remove restrictive covenants, and the remaining untendered notes were called for redemption and discharged.

“On February 13, 2008, we accepted the tenders, made payments to holders of the Existing Notes of the tender offer consideration and consent payments, called for redemption, deposited the redemption payment with the trustee in respect of untendered Existing Notes and discharged the indentures governing the Existing Notes.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.