HONOLULU, October 7, 2021 / PRNewswire / – Hawaiian Airlines, Inc. (the “Company”), a wholly owned subsidiary of Hawaiian Holdings, Inc. (“Holdings” (Nasdaq: HA), today announced that it is extending the deadline advance tender (as defined below) of its (i) previously announced cash purchase offers (collectively, the “Tender Offers” and each, a “Tender Offer”) all or part of its 7.375% Series 2020-1A Pass Through Certificates maturing in 2027 and 11.250% Series 2020-1B Pass Through Certificates due in 2025 (collectively, the “Certificates”) and (ii) Consent Solicitations (as defined in the Offer to Purchase), in each case set out in the Offer to Purchase and the Declaration of request for consent from the Company, dated September 23, 2021 (the “Offer to Purchase”).
The “Early Tender Deadline” applicable to the Tender Offers previously scheduled for 5:00 p.m., New York City It’s time October 6, 2021, has been extended to 5:00 p.m., New York City It’s time October 14, 2021, unless it is extended or terminated earlier by the Company.
The deadline for the withdrawal of Certificate offers was 5:00 p.m., New York City It’s time October 6, 2021 and remains unchanged. Certificates which have been deposited or which may be deposited before the applicable expiry date under the offer to purchase cannot therefore be withdrawn unless required by applicable law.
The “Expiration Date” applicable to Public Offers has been 11:59 p.m., New York City It’s time 21 October 2021 and remains unchanged. The Company will settle the Public Offers on the Final Settlement Date which is expected to occur on 25 October 2021.
Except as described herein, the other terms of the takeover bids remain unchanged. Certificate holders should read the Offer to Purchase carefully and in its entirety before deciding whether or not to file. No further action is required from holders who have already issued certificates.
Public Offers are not conditional on a minimum pool balance of Certificates delivered. However, offers to buy back and solicitations for consent are subject to, and conditional on, the satisfaction or waiver of certain conditions described in the offer to buy.
Citigroup Global Markets Inc. is the broker-manager and solicitation agent in take-over bids and solicitations of consent. Global Bondholder Services Corporation has been retained to serve as the tendering and information agent for the take-over bids and solicitations of consent. Persons with questions regarding take-over bids and solicitations for consent should contact Citigroup at (800) 558-3745 (toll free) or (212) 723-6106 (collect). Requests for copies of the Offer to Purchase and other related documents should be directed to Global Bondholder Services Corporation at (banks or brokers) (212) 430-3774 or (toll free) (866) 807-2200 or by email to contact @ gbsc -usa.com.
Neither the Company, nor the Dealer Manager and Solicitation Agent, Submission and Information Agent, Trustee (as defined in the Offer to Purchase), Subordination Agent (as defined in Offer to Purchase), nor any of their respective directors, officers, employees or affiliates make any recommendation as to whether holders should tender their certificates in accordance with the applicable tender offer or consent in accordance with the solicitations of consent, and no one has been authorized by any of them to make such a recommendation. Holders must make their own decisions as to whether to deposit their certificates and issue the corresponding consents to the proposed changes (as defined in the offer to purchase), and, if applicable, the balance of the pool of certificates. as to the measures to be taken.
This press release does not constitute an offer to sell, a solicitation to buy or an offer to buy or sell any securities. Neither this press release nor the offer to purchase constitutes an offer to sell or a solicitation of an offer to buy securities. Take-over bids and solicitations for consent are made only pursuant to the offer to purchase and only in jurisdictions permitted by applicable law. In any jurisdiction in which take-over bids are to be made by a licensed broker or dealer, take-over bids will be deemed to be made on behalf of the Company by the market manager, or one or more brokers or dealers. registered that are licensed under the laws of that jurisdiction.
About Hawaiian Airlines
Hawaiian® has dominated all US carriers in terms of on-time performance in each of the past 17 years (2004-2020), as reported by the US Department of Transportation. Consumer surveys conducted by Condé Nast Traveler, Travel + Leisure and TripAdvisor have ranked Hawaiian among the top domestic airlines serving Hawai’i.
Now in its 92nd year of continuous service, Hawaiian is Hawaii’s largest and oldest airline. Hawaiian offers approximately 130 flights within the Hawaiian Islands, daily non-stop flights between Hawai’i and 16 US Gateway cities – more than any other airline – as well as a weekly connecting service. Honolulu and Tahiti and flights between Honolulu and American Samoa. Due to the COVID-19 pandemic, Hawaiian operates an adjusted flight schedule between Hawai’i and Japan and Korea, and temporarily suspended service in Australia and New Zealand.
The airline is committed to connecting people with aloha by providing free meals to all guests on transpacific routes and the convenience of no-change fees on Main Cabin and Premium Cabin seats. HawaiianMiles members also enjoy flexibility with miles that never expire.
Hawaiian Airlines, Inc. is a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA). Further information is available at HawaiianAirlines.com. Follow Hawaiian’s Twitter updates (@HawaiianAir), Become a fan on facebook (Hawaiian Airlines), and follow us on Instagram (hawaiian airlines). For job postings and updates follow Hawaiian’s LinkedIn page.
For media inquiries, please visit Hawaiian Airlines’ online press room.
This press release contains “forward-looking statements” within the meaning of federal securities laws. Words such as “expects”, “anticipates”, “projects”, “intention”, “plans”, “believes”, “estimates”, variations of these words and similar expressions are also intended to identify these forward-looking statements. These forward-looking statements are and will be subject to numerous risks, uncertainties and assumptions relating to the operations and the business environment of the Company, all of which may cause the actual results of the Company to be materially different from any future, explicit results. or implied, in these forward-looking statements. These risks and uncertainties include, without limitation, the strategy of the Company; the continuing and evolving effects of the spread of COVID-19 on the business operations and financial condition of the Company; the availability of future sources of capital, which could change due to market conditions or other reasons, interest rates and business considerations; the Company’s ability to generate sufficient liquidity and manage its available liquidity; changes in the Company’s future capital needs; and the risk that take-over bids and solicitations for consent will not be executed as intended, if at all.
The risks, uncertainties and assumptions mentioned above which could cause the results of the Company to differ materially from the results expressed or implied by these forward-looking statements also include the risks, uncertainties and assumptions discussed from time to time in the others. Holdings’ public documents and public announcements, including Holdings’ Annual Report on Form 10-K and Holdings’ Quarterly Reports on Form 10-Q, as well as other documents which may be filed by Holdings from time to time with the Securities and Exchange Commission. All forward-looking statements included in this document are based on information available to Holdings and the Company as of the date hereof. Neither Holdings nor the Company undertakes to publicly update or revise forward-looking statements to reflect events, circumstances or new information that may arise after the date hereof, even if future experience or changes indicate clearly that the intended results expressed or implied herein will not be achieved.
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SOURCE Hawaiian Airlines, Inc.