Rural/Metro Corporation (NASDAQ: RURL), a leading provider of ambulance and private fire protection services, today is launching a tender offer and consent solicitation for its outstanding 9.875% Senior Subordinated Notes due 2015 (the "Notes").
The Company is offering to purchase any and all of the outstanding Notes. The Company also is soliciting consents to certain proposed amendments to the indenture governing the Notes. The tender offer and consent solicitation are being made by Rural/Metro Operating Company, LLC and Rural/Metro (Delaware) Inc. pursuant to an offer to purchase and consent solicitation statement and a related letter of transmittal, each dated as of November 6, 2009. The tender offer will expire at midnight, New York City time, on December 7, 2009, unless extended (the expiration date). Payment for the Notes validly tendered and the consents validly delivered will be made on a date promptly following the expiration date (the payment date). A consent payment will be paid to holders who tender Notes and deliver consents on or prior to 5:00 p.m., New York City time, on November 20, 2009 (the consent date), unless extended.
The proposed amendments would eliminate or modify substantially all of the restrictive covenants and certain events of default contained in the indenture governing the Notes. Holders who tender their Notes will be required to consent to the proposed amendments, and holders who consent to the proposed amendments will be required to tender their Notes.