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Invited Announces Final Tender Offer Results
DALLAS, April 10, 2024 (GLOBE NEWSWIRE) -- Invited, Inc. today announced the final tender results for the previously announced tender offer (the "Tender Offer") by ClubCorp Holdings, Inc., its indirect wholly-owned subsidiary (the "Company"), to purchase for cash up to $82,731,000 aggregate principal amount (the "Tender Cap") of its outstanding 8.50% Senior Notes due 2025 (the "Notes"). The Tender Offer expired at 5:00 p.m., New York City time, on April 10, 2024 (the "Expiration Time").
On March 28, 2024, the Company purchased $29,600,000 in aggregate principal amount of Notes that were tendered at or prior to 5:00 p.m., New York City time, on March 26, 2024 (the "Early Tender Time"). On April 10, 2024, the Company was advised by Global Bondholder Services Corporation, as Depositary for the Tender Offer, that after the Early Tender Time and at or prior to the Expiration Time, an additional $4,000,000 in aggregate principal amount of the outstanding Notes had been validly tendered and not withdrawn in the Tender Offer. In total, $33,600,000 in aggregate principal amount, or approximately 30.6%, of the outstanding Notes ...