DJO Global's subsidiaries DJO Finance and DJO Finance Corp., commenced a private offer and consent solicitation for senior subordinated notes.
Here are five things to know:
1. DJO Finance and DJO Finance Corp., have begun a private offer to exchange their 9.75 percent Senior Subordinated Notes due 2017 for:
• Their new 75 percent third lien notes due 2020
• Cash
2. The issuers are soliciting consents from registered holders of old notes to certain proposed amendments to the indenture governing the old notes in connection with the exchange offer.
3. Holders who take advantage of the exchange offer with old notes will receive accrued and unpaid interest in cash in respect of their exchanged old notes from the last applicable interest payment date.
4. The holders with old notes that are validly tendered will receive the total consideration of $1,020 in respect of each $1,000 principal amount of old notes accepted for exchange.
5. Issuers will issue the new notes, which are guaranteed by all of DJOFL's existing future domestic subsidiaries.