ARRIS Announces Extension of Tender Offer for 2.00% Convertible Senior Notes
SUWANEE, Ga., May 10, 2013
SUWANEE, Ga., May 10, 2013 /PRNewswire/ --ARRIS Enterprises, Inc., a wholly
owned subsidiary of ARRIS Group, Inc. (NASDAQ: ARRS), today announced it is
extending its previously announced tender offer for any and all of its
outstanding 2.00% Convertible Senior Notes Due 2026 (the "Notes") until 11:59
p.m. ET on May 28, 2013. Also, the right to withdraw previously tendered
Notes has been extended to 11:59 p.m. ET on May 28, 2013. The tender offer
and withdrawal rights had been set to expire at 5:00 p.m. ET on May 28, 2013.
Except as set forth herein, the complete terms and conditions of the tender
offer remain the same as set forth in the Fundamental Change Notice and Offer
to Purchase dated April 30, 2013.
As of 11:59 p.m. ET on May 9, 2013, no Notes had been tendered pursuant to the
For additional information regarding the tender offer, contact the trustee at
the offices of The Bank of New York Mellon Trust Company, N.A. at 900 Ashwood
Parkway, Suite 425, Atlanta, Georgia 30338, Telephone: (770) 698-5184,
Attention: Kristine L. Prall.
This press release is for informational purposes only and is not an offer to
buy or the solicitation of an offer to sell the Notes. The tender offer is
being made pursuant to the tender offer documents, including the Fundamental
Change Notice and Offer to Purchase. Note holders are urged to read the
tender offer statement on Schedule TO filed with the Securities and Exchange
Commission (the "SEC") on April 30, 2013 and Amendment No. 1 thereto filed
with the SEC on May 10, 2013. The Schedule TO includes as an exhibit the
Fundamental Change Notice and Offer to Purchase. These documents have been
filed with the SEC and Note holders may obtain them without charge from the
SEC at its website (www.sec.gov) or from the trustee at the address and
telephone number listed above.
ARRIS is a global communications technology company specializing in the
design, engineering and supply of communications and IP technologies that
support broadband services for residential and business customers around the
world. The company supplies broadband operators with the tools and platforms
they need to deliver and monitor advanced video, data and voice subscriber
services, including whole home video across multiple screens, ultra high-speed
data, personalized advertising and carrier-grade telephony. Headquartered near
Atlanta, in Suwanee, Georgia, USA, ARRIS has R&D sales and support offices
throughout the world. Information about ARRIS products and services can be
found at www.arrisi.com.
This press release contains forward looking statements. Statements regarding
future events are based on the parties' current expectations. Actual results
may differ materially from those suggested by any forward-looking statement.
Factors that could cause results to differ from current expectations include:
the uncertain current economic climate and financial markets, and their impact
on our customers' plans and access to capital; the impact of rapidly changing
technologies; the impact of competition on product development and pricing;
the ability of ARRIS to react to changes in general industry and market
conditions; rights to intellectual property and the current trend toward
increasing patent litigation, market trends and the adoption of industry
standards; possible acquisitions and dispositions; and consolidations within
the telecommunications industry of both the customer and supplier base. These
factors are not intended to be an all-encompassing list of risks and
uncertainties that may affect ARRIS' business. Additional information
regarding these and other factors can be found in ARRIS' reports filed with
the Securities and Exchange Commission, including its Form 10-K for the year
ended December 31, 2012. In providing forward-looking statements, ARRIS
expressly disclaims any obligation to update publicly or otherwise these
statements, whether as a result of new information, future events or
SOURCE ARRIS Enterprises, Inc.
Contact: Bob Puccini, Investor Relations, (720) 895-7787,
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