PLEASANTVILLE, N.Y., July 28 /PRNewswire/ -- The Reader's Digest
Association, Inc. (RDA) today announced that it has extended its offer to
exchange any and all of its $600,000,000 outstanding principal amount of 9%
Senior Subordinated Notes due 2017 for an equal amount of new 9% Senior
Subordinated Notes due 2017 that have been registered under the Securities
Act of 1933, as amended, to 5:00 p.m., Eastern Time, on Tuesday, July 29,
2008, unless further extended. The exchange offer had been scheduled to
expire at 5:00 p.m., Eastern Time, on Monday, July 28, 2008.
Tenders of the original notes must be made before the exchange offer
expires and may be withdrawn at any time before the exchange offer expires.
The terms and conditions of the exchange offer are set forth in RDA's
prospectus dated June 25, 2008. Copies of the prospectus and related
materials may be obtained through The Bank of New York Mellon, which is
serving as the exchange agent in connection with this exchange offer. The
Bank of New York Mellon's address, telephone number and facsimile number are
as follows:
The Bank of New York Mellon
Corporate Trust Operations,
Reorganization Unit
101 Barclay Street - Floor 7 East
New York, New York 10286
Attention: Evangeline Gonzales
Telephone: (212) 815-3738
Facsimile: (212) 298-1915
As of 5:00 P.M., Eastern Time, on July 25, 2008, RDA has been advised
that $423,873,000 aggregate principal amount of the Notes have been
tendered.
This press release shall not constitute an offer to exchange nor a
solicitation of an offer to exchange the original notes. The exchange offer
is being made only by the prospectus dated June 25, 2008, and only to such
persons and in such jurisdictions as is permitted under applicable law.
About RDA
The Reader's Digest Association, Inc. is a global multi-brand media and
marketing company that educates, entertains and connects audiences around
the world. RDA is dedicated to providing its customers with the
inspiration, ideas and tools that simplify and enrich their lives. RDA's
corporate headquarters are located in Pleasantville, New York.
SOURCE The Reader's Digest Association, Inc.
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Related links:
http://www.rd.com
CONTACT:
William Adler of The Reader's Digest
Association, Inc., +1-914-244-7585
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