Vector Group Ltd. Commences Exchange Offer for Additional 7.750% Senior Secured Notes
The Exchange Notes will have substantially the same terms as the Original Notes, except for the elimination of certain transfer restrictions. The Exchange Notes will be issued only upon cancellation of a like amount of currently outstanding Original Notes. Vector will not receive any proceeds from the exchange offer.
Vector is making this exchange offer to satisfy its obligations under a registration rights agreement entered into when it issued the Original Notes. Any Original Notes not tendered for exchange in the exchange offer will remain outstanding and continue to accrue interest, and Vector will have no further obligation to provide for the registration of such notes under the Securities Act, except under certain limited circumstances.
Pursuant to the terms of the exchange offer, Vector will accept for
exchange any and all Original Notes validly tendered and not withdrawn
The terms of the exchange offer and other information relating to Vector
are set forth in the prospectus dated
|Phone: (800) 934-6802|
|Facsimile: (651) 466-7372|
This press release shall not constitute an offer to exchange or a
solicitation of an offer to exchange the Original Notes. The exchange
offer is made only by the prospectus dated
Sard Verbinnen & Co
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