CHARLOTTE, N.C., July 8 /PRNewswire-FirstCall/ -- FairPoint Communications, Inc. (NYSE: FRP) ('FairPoint') announced today that as of 5:00 p.m., New York City time, on July 8, 2009, it has extended the early consent deadline and the withdrawal deadline for its previously announced private exchange offer (the 'Exchange Offer') for all of its outstanding 13-1/8% Senior Notes due 2018 (CUSIP No. 305560 AH7) (the 'Notes') that are held by qualified institutional buyers and accredited investors (each, a 'Holder' and collectively, the 'Holders') to 5:00 p.m., New York City time, on July 13, 2009. Concurrently with the Exchange Offer, FairPoint is soliciting consents from the Holders (the 'Consent Solicitation') for certain amendments to the indenture governing the Notes. The Exchange Offer and Consent Solicitation will expire at 11:59 p.m., New York City time, on July 22, 2009, unless extended.
Documents relating to the Exchange Offer and Consent Solicitation will only be distributed to Holders of Notes who complete and return a letter of eligibility confirming that they are qualified institutional buyers or accredited investors. Holders who desire a copy of the eligibility letter should contact the Information Agent for the Exchange Offer and Consent Solicitation, Global Bondholder Services Corporation, at (866) 389-1500 (toll free) or (212) 430-3774 (banks and brokers only).
This news release is neither an offer to purchase nor a solicitation of an offer to sell the Notes nor an offer to sell the new 13-1/8% Senior Notes due 2018 that tending Holders will receive pursuant to the Exchange Offer. The Exchange Offer and Consent Solicitation is made only by, and pursuant to the terms set forth in, the Exchange Offer Memorandum and Consent Solicitation Statement, dated June 24, 2009 (the 'Offering Memorandum'), and the information in this news release is qualified by reference to the Offering Memorandum and the accompanying Letter of Transmittal and Consent. Subject to applicable law, FairPoint may amend, extend or terminate the Exchange Offer and Consent Solicitation. Persons with questions regarding the Exchange Offer and Consent Solicitation should contact the Information Agent, Global Bondholder Services Corporation, at (866) 389-1500 (toll free) or (212) 430-3774 (banks and brokers only).
About FairPoint
FairPoint Communications, Inc. is an industry leading provider of communications services to communities across the country. Today, FairPoint owns and operates local exchange companies in 18 states offering advanced communications with a personal touch, including local and long distance voice, data, Internet, television and broadband services. FairPoint is traded on the New York Stock Exchange under the symbol FRP. Learn more at www.fairpoint.com.
SOURCE FairPoint Communications, Inc.
