NEW YORK, Dec. 18 /PRNewswire/ — Cendant Corporation (NYSE: CD) has extended its offer to the holders of $850 million principal amount of its 6-7/8% notes due 2006 to exchange such notes for a like principal amount of its 6-7/8% exchange notes due 2006, which have been registered under the Securities Act of 1933, as amended.
The exchange offer, scheduled to expire December 27, 2001 at 5:00 p.m., New York City time, will expire at 5:00 p.m., New York City time, on January 10, 2002, unless further extended by Cendant. All other terms, provisions and conditions contained in the exchange offer will remain in full force and effect. The Bank of Nova Scotia Trust Company of New York has been appointed as exchange agent for the exchange offer. Requests for assistance or documents should be directed to The Bank of Nova Scotia Trust Company of New York at (212) 225-5427.
Cendant Corporation said it has been informed by the exchange agent that, as of 2:00 p.m., New York City time, on December 18, 2001, approximately $97,585,000 in aggregate principal amount of its 6-7/8 % notes due 2006 had been tendered in the exchange offer. This amount represents approximately 11.48% of the outstanding 6-7/8 % notes due 2006.
This notice shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.