SAN JOSE, Calif., June 4, 2014 /PRNewswire/ -- Sanmina Corporation
(the "Company") (Nasdaq GS: SANM) announced today that, as of
5:00 p.m., New York City time, on June 3, 2014 (the "Early Tender and Consent
Deadline"), it had received tenders and consents from holders of
$264,415,000 in aggregate principal
amount of its 7% Senior Notes due 2019 (the "Notes"), representing
approximately 52.88% of the outstanding Notes, in connection with
the Company's previously announced cash tender offer and consent
solicitation for any and all of the Notes (the "Offer").
The Company will make payment to the Depository Trust Company on
June 4, 2014 for all Notes validly
tendered as of the Early Tender and Consent Deadline.
As a result of the receipt of the requisite consents from
holders of Notes, on June 4, 2014,
the Company will enter into a supplemental indenture with the
trustee effecting the proposed amendments to the indenture
governing the Notes, substantially as described in the Offer to
Purchase and Consent Solicitation Statement dated May 20, 2014 relating to the Notes, which, among
other things, will eliminate most of the covenants and certain
events of default contained in such indenture.
Holders who have not yet tendered their Notes may tender until
11:59 p.m., New York City time, on June 17, 2014, unless extended or earlier
terminated. Any Notes so tendered may not be withdrawn.
The Offer is subject to the satisfaction of certain conditions.The
Company has engaged BofA Merrill Lynch, as the dealer manager and
solicitation agent for the Offer. Persons with questions
regarding the Offer should be directed to BofA Merrill Lynch
toll-free at (888) 292-0070 or collect at (980) 388 3646
(attention: Debt Advisory). Requests for documents should be
directed to D.F. King & Co.,
Inc., the Information Agent for the Offer, at (800) 967-4612 or
(212) 269-5550.
This press release is for informational purposes only and is not
an offer to purchase, a solicitation of an offer to purchase or a
solicitation of a consent with respect to any of the Notes.
The tender offer and the consent solicitation are being made solely
by the Offer to Purchase and accompanying Consent and Letter of
Transmittal. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy these securities,
nor shall there be any sale of these securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such jurisdiction.
Sanmina is a leading global provider of integrated manufacturing
solutions, components, products and repair, logistics and
after-market services. Sanmina provides these comprehensive
offerings primarily to original equipment manufacturers, in the
following industries: communications networks, computing and
storage, multimedia, industrial and semiconductor capital
equipment, defense and aerospace, medical, clean technology and
automotive. More information regarding Sanmina is available
at http://www.sanmina.com.
This press release contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Readers can identify these forward-looking
statements by the use of such verbs as "expects," "anticipates,"
"believes" or similar verbs or conjugations of such verbs.
Such forward-looking statements are based upon information
currently available to management and management's perception
thereof as of the date of this news release. However, such
statements are dependent on and, therefore, can be influenced by, a
number of external variables over which management has little or no
control. The following factors, among others, could cause
actual results to differ materially from those described in the
forward-looking statements: risks associated with uncertainty
as to whether the Offer will be completed, costs and potential
litigation associated with the Offer, the inability to obtain or
meet specific conditions imposed for the Offer, and the risk
factors discussed from time to time by the Company in reports filed
with the Securities and Exchange Commission. We urge you to
carefully consider the risks which are described in the Company's
Annual Report on Form 10-K and subsequent Quarterly Reports on Form
10-Q. Forward-looking statements are not, and should
not be relied upon as, a guarantee of future performance or
results, nor will they necessarily prove to be accurate indications
of the times at or by which any such performance or results will be
achieved. As a result, actual outcomes and results may differ
materially from those expressed in forward-looking
statements. The Company is under no obligation to, and
expressly disclaims any such obligation to, update or alter its
forward-looking statements, whether as a result of new information,
future events or otherwise.
Logo -
http://photos.prnewswire.com/prnh/20110707/SF30965LOGO
SOURCE Sanmina Corporation