MARKHAM, ONTARIO--(CCNMatthews - Oct. 6, 2006) - Extendicare Inc. (TSX:EXE.A)(TSX:EXE)(NYSE:EXE.A) announced today that as of 5:00 p.m., New York City time, on October 5, 2006, in connection with the tender offers (the “Offers”) and consent solicitations (the “Solicitations”) by its wholly owned U.S. subsidiary, Extendicare Health Services, Inc. (EHSI), for its US$150.0 million 9 1/2% Senior Notes Due 2010, CUSIP No. 302244AF5 (the “2010 Notes”) and its US$125.0 million 6 7/8% Senior Subordinated Notes Due 2014, CUSIP No. 302244AH1 (the “2014 Notes” and collectively with the 2010 Notes, the “Notes”), EHSI has received the requisite amount of consents from the holders of outstanding Notes to amend the indentures governing them. EHSI also has determined the price to be paid in connection with the Offer and Solicitation of the 2014 Notes.
