TORONTO, Ontario (April 9, 2002) -MDC Corporation Inc. announced that US$135,872,000 aggregate principal amount of its outstanding 10 ½% Senior Subordinated Notes due December 1, 2006 (the “Notes) have been tendered in connection with its previously announced tender offer and consent solicitation.
Pursuant to the terms and conditions of the tender offer and consent solicitation, MDC has instructed the depositary to accept and pay for, on a pro rata basis US$ 112.5 million aggregate principal amount of such tendered Notes at a fixed price of US$890 per US$1,000 principal amount of Notes, for an aggregate purchase price of US$100,125,000.
This announcement is not an offer to purchase, a solicitation of an offer to purchase, or a solicitation of an offer to sell securities, with respect to any Notes.
About MDC Corporation Inc. (“MDC”)
MDC is a publicly traded international business services organization with operating units in Canada, the United States, United Kingdom and Australia. MDC provides marketing communication services, through Maxxcom, and offers security sensitive transaction products and services in four primary areas: Personalized Transaction Products such as personal and business cheques; Electronic Transaction Products such as credit, debit, telephone & smart cards and Secure Ticketing Products, such as airline, transit and event tickets. Stamp; both postal and excise. MDC shares are traded on the Toronto Stock Exchange under the symbol MDZ.A and on NASDAQ National Market under the symbol MDCA.