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Google: Alphabet Inc. Announces 79% Participation In Exchange Offers And Consent

The following excerpt is from the company's SEC filing.

Solicitations and Extends Early Consent Benefits to Remaining Bondholders

MOUNTAIN VIEW, Calif. April 12, 2016 Alphabet Inc. (Alphabet) (NASDAQ: GOOG, GOOGL) announced today that, in connection with its previously announced offers to exchange any and all validly tendered and accepted 3.625% Notes due 2021 and 3.375% Notes due 2024 issued by Google Inc., Alphabets wholly-owned subsidiary (collectively, the Google Notes), for new notes to be issued by Alphabet (collectively, the Alphabet Notes), and the related solicitations of consents to amend the indenture governing the Google Notes (together, the Exchange Offers and Consent Solicitations), it has received the requisite number of consents to adopt certain amendments to the indentures governing the Google Notes, subject to each holders right to withdraw previously tendered Google Notes. Based upon the substantial participation to date and the amendments contemplated in the exchange offers, Alphabet is allowing additional time for investors to participate on the same terms as the 79% of bondholders who have already agreed to exchange by extending the early consent deadline to receive the Early Participation Premium (as defined below) to 11:59 p.m., New York City time, on April 25, 2016, the same time as the Expiration Date (as defined below) for the Exchange Offers and Consent Solicitations, unless either of them are further extended.

Except as described in this press release relating to the extension of the early consent deadline, no changes have been made to the terms and conditions of the Exchange Offers and Consent Solicitations, which are set forth in the Registration Statement on Form S-4 (File No. 333-209515) (the Registration Statement), which was filed with the Securities and Exchange Commission (SEC) on February 12, 2016, was amended by Amendment No. 1 to the Registration Statement on March 29, 2016 and was declared effective by the SEC on April 7, 2016.

The early consent deadline had been 5:00...


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