On December 10, 2012, Harbinger Group Inc. (“HGI”) commenced a tender offer (the “Tender Offer”) to purchase for cash any and all of its outstanding $500,000,000 aggregate principal amount 10.625% Senior Secured Notes due 2015 (the “Notes”). In connection with the Tender Offer, the Company also solicited the consent of the holders of the Notes to amend certain terms of the indenture governing the Notes (the “Consent Solicitation”). As previously announced, as of 5:00 p.m. Eastern time, on Friday, December 21, 2012 (the “Early Tender Deadline”), approximately 99.6% of the outstanding $500,000,000 aggregate principal amount of Notes were validly tendered and not withdrawn and consents were delivered and not revoked. The Tender Offer and Consent Solicitation expired at midnight, New York City time on January 8, 2013 (the “Expiration Date”). On January 9, 2013, HGI was advised by D.F. King & Co., Inc., as tender agent and information agent, that after the Early Tender Deadline and prior to the Expiration Date, an additional $25,000 of the Notes were validly tendered.
Additionally, as previously disclosed, on December 24, 2012, HGI also issued a notice of redemption pursuant to the indenture governing the Notes stating that it intends to redeem all of the then remaining outstanding Notes on January 23, 2013 at a redemption price equal to 110.4022% of the principal amount of the Notes, which includes accrued and unpaid interest thereon to the redemption date.