MUNICH (MTU Aero Engines) - MTU Aero Engines Investment GmbH ("MTU") announced today the commencement of a solicitation of consents to certain amendments to the indenture (the "Proposed Amendments") relating to MTU's €275,000,000 8¼% Senior Notes Due 2014 (the "Senior Notes").
MTU is seeking the consent of the holders of the Notes to enable MTU to satisfy its reporting obligations in connection with the Senior Notes by providing consolidated financial and other information with respect to MTU Aero Engines Holding AG, MTU's immediate parent, in order to save management time and expense by reducing the internal burden of administration, reporting, book-keeping and auditing.
The consent solicitation is being made upon the terms and is subject to the conditions set forth in a consent solicitation statement to be distributed to all holders of record of the Notes. The adoption of the Proposed Amendments requires the consent of holders of a majority in outstanding principal amount of the Senior Notes (the "Required Consents").
MTU will make consent payments of €0.60 for each €1,000 principal amount of Senior Notes to Holders who have properly furnished, and not revoked, their consents with respect to such Notes on or prior to 3:00 p.m., Central European Time, on December 20, 2005 (the "Expiration Time"), as such Expiration Time may be extended by MTU, provided that (i) the Requisite Consents with respect to such Notes are received by the tabulation agent (and not revoked) on or prior to the Expiration Time and (ii) there are no laws, regulations, injunctions, actions or other proceeding (pending or threatened), which, in the case of any action or proceeding if adversely determined, would make unlawful or invalid or enjoin the implementation of the Proposed Amendments or the payment of the Consent Payments. The record date for the consent solicitation is December 6, 2005. The tabulation agent is The Bank of New York.
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