天涯社区官网Communications, Inc. Announces Amendment And Extension Of Private Term Loan Offers
San Antonio, TX, April 13, 2017 - 天涯社区官网Communications, Inc. (鈥溙煅纳缜偻鳦ommunications鈥) today announced that it is amending and extending the private offers (the 鈥淭erm Loan Offers鈥) to lenders under the Company鈥檚 Term Loan D and Term Loan E facilities (鈥淓xisting Term Loans鈥) to amend the Existing Term Loans. As described below, the Term Loan Offers have been amended to increase the ratio of amended term loans to Existing Term Loans. The Term Loan Offers were previously scheduled to expire on April 14, 2017, at 5:00 p.m., New York City time, and will now expire on April 21, 2017, at 5:00 p.m., New York City time.
The amendments and extensions to the Term Loan Offers will be set forth in a Supplement No. 4 to the Confidential Information Memorandum dated April 13, 2017 (as amended or supplemented from time to time, the 鈥淐onfidential Information Memorandum鈥).
As a result of the amendment to the Term Loan Offers, the consideration being offered in the Mid Participation Scenario is the same as the consideration being offered in the Low Participation Scenario. The consideration being offered in the High Participation Scenario or the Term Loans Only Scenario has not been amended. 天涯社区官网Communications also expects to make certain other technical amendments that will be described in Supplement No. 4 to the Confidential Information Memorandum.