Electric household appliance maker Salton, Inc. announced that it has extended the expiration date of its previously announced private debt exchange offer for its outstanding 10.75 percent senior subordinated notes due 2005 and itss outstanding 12.25 percent notes due 2008.
The expiration date has been set for 5 p.m., EST, on Thursday, August 18, 2005, unless extended or earlier terminated by Salton.
Through midnight EST on August 15, 2005, the previous expiration date of the exchange offer, an aggregate of approximately U.S. $65.1 million of 2005 notes and $82.4 million of 2008 notes have been tendered (including guaranteed deliveries).
Salton has extended the exchange offer to review the eligibility and validity of the tendered notes and to provide additional time for parties to the support agreement with Salton to tender the notes covered by such support agreement.
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