Ameriprise Financial Announces Early Tender Results & Increases Size of Offer to Purchase Its 5.35% Senior Notes Due November...
July 16 2009 - 9:00AM
Business Wire
Ameriprise Financial, Inc. (NYSE: AMP) today announced that it
is increasing the maximum amount of the offer to purchase for cash
its 5.35% Senior Notes due November 15, 2010 (the �Notes�) to $450
million from the original amount of $250 million. The tender offer
is being made solely on the terms and conditions in the Offer to
Purchase, dated as of July 1, 2009, and the related Letter of
Transmittal. All other terms of the tender offer remain unchanged.
As a result, withdrawal rights of tendering holders of the Notes
have expired.
The company also announced that, as of 5:00 p.m. New York City
time on July 15, 2009 (the �Early Tender Time�), holders had
validly tendered Notes with an aggregate principal amount of
approximately $462 million.
Holders that validly tendered their Notes on or before the Early
Tender Time and whose Notes are accepted for purchase will receive
the previously announced Total Consideration. Holders that validly
tender their Notes after the Early Tender Time and on or before
11:59 p.m. New York City time on July 29, 2009 (the �Expiration
Time�) will receive the previously announced Tender Offer
Consideration, which is the Total Consideration less the previously
announced Early Tender Payment. As the tender offer is
oversubscribed, the Notes tendered are subject to proration. The
Notes that have been validly tendered but not accepted for purchase
will be promptly returned to the tendering holder after the
Expiration Time, unless extended.
Subject to the terms and conditions of the tender offer, the
company expects to pay for Notes that have been validly tendered
and not validly withdrawn on the business day after the date on
which the tender offer expires. The tender offer is subject to
certain customary conditions, but is not conditioned upon any
minimum principal amount of the Notes being tendered. The company
may extend, terminate or further amend the tender offer at any
time.
Goldman, Sachs & Co. is serving as the lead dealer manager
and Utendahl Capital Group, LLC is serving as the co-dealer manager
for the tender offer. Global Bondholder Services Corporation is
serving as the depositary and as the information agent for the
tender offer. Requests for copies of the Offer to Purchase and
related Letter of Transmittal may be directed to Global Bondholder
Services Corporation by telephone at (866) 540-1500 (toll-free) or
(212) 430-3774 (collect), or in writing at 65 Broadway, Suite 723,
New York, New York 10006. Questions regarding the tender offer may
be directed to Goldman, Sachs & Co. at (800) 828-3182
(toll-free) or (212) 902-5183 (collect) or to Utendahl Capital
Group, LLC at 212-797-2665.
This announcement is neither an offer to purchase nor a
solicitation of an offer to sell the Notes or any other securities.
The tender offer is made only by and pursuant to the terms of the
Offer to Purchase and the related Letter of Transmittal. The tender
offer is not being made to holders in any jurisdiction in which the
making or acceptance thereof would be unlawful. None of Ameriprise
Financial, the dealer managers, the depositary or the information
agent makes any recommendation as to whether holders should tender
their Notes in response to the tender offer. Holders must make
their own decisions as to whether to tender Notes and, if so, the
principal amount of Notes to tender.
Legal Notice Regarding Forward-Looking Statements
This news release contains forward-looking statements. All
statements other than statements of historical fact included in
this news release are forward-looking statements. All
forward-looking statements speak only as of the date of this news
release. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause the actual
results or performance of the company and its affiliates to be
materially different from any future results or performance
expressed or implied by such forward-looking statements. Such
risks, uncertainties and other factors relate to, among others,
difficulties potentially delaying or preventing the completion of
the transactions relating to the tender offer.
Ameriprise Financial, Inc. is a diversified financial services
company serving the comprehensive financial planning needs of the
mass affluent and affluent.
� 2009 Ameriprise Financial, Inc. All rights reserved.
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