ATLANTA, Dec. 13 /PRNewswire-FirstCall/ -- Mariner Health Care, Inc. (“Mariner”) (BULLETIN BOARD: MHCA) announced today that on December 10, 2004, it accepted for purchase all of its outstanding 8-1/4% Senior Subordinated Notes due 2013 (“Notes”) tendered in the tender offer and consent solicitation. Mariner received tenders and consents for one hundred percent of the outstanding Notes.
Mariner will pay tender offer consideration of $1,176.46 for each $1,000 principal amount of Notes purchased in the tender offer as well as a consent payment of $20 for each $1,000 principal amount of Notes purchased, resulting in total consideration of $1,196.46 for each $1,000 principal amount of Notes tendered, plus accrued and unpaid interest to (but not including) December 13, 2004, the payment date for the Notes.
On December 10, 2004, Mariner deposited an amount equal to the total consideration and accrued and unpaid interest payable on the Notes with U.S. Bank National Association, the Depositary for the tender offer and consent solicitation, for payment to the holders of the Notes in accordance with the Offer to Purchase and Consent Solicitation Statement and related Consent and Letter of Transmittal dated November 2, 2004 (the “Statement”).
Mariner has retained Credit Suisse First Boston LLC to serve as the exclusive Dealer Manager and Solicitation Agent for the tender offer and consent solicitation. Requests for documents may be directed to Morrow & Co., Inc., the Information Agent, by telephone at (800) 607-0088 (toll-free). Questions regarding the tender offer may be directed to Credit Suisse First Boston LLC at (800) 820-1653 (toll-free) or (212) 538-0652 (collect).
This press release is not an offer to purchase, a solicitation of an offer to sell or a solicitation of consent with respect to any securities. The offer is being made solely by the Statement.
Mariner is headquartered in Atlanta, Georgia.
Contact: Mariner Health Care, Inc.
Boyd Gentry Senior Vice President and Treasurer 678-443-6872
Mariner Health Care, Inc.
CONTACT: Boyd Gentry, Senior Vice President and Treasurer of MarinerHealth Care, Inc., +1-678-443-6872
Web site: http://www.marinerhealthcare.com/