Centerplate Announces Interest Payments on Income Deposit Securities
September 30 2008 - 8:22AM
PR Newswire (US)
STAMFORD, Conn., Sept. 30 /PRNewswire-FirstCall/ -- Centerplate,
Inc. (Amex: CVP; TSX: CVP.un), announced today that a cash payment
of U.S. $0.064 per Income Deposit Security will be payable on
October 20, 2008 to holders of record of Income Deposit Securities
at the close of business on October 10, 2008. Each of the Income
Deposit Securities issued by the company is comprised of one share
of common stock and a subordinated note. The payment of U.S. $0.064
reflects an interest payment on the subordinated note for the
monthly period beginning September 20, 2008 and ending October 19,
2008 as provided in the subordinated notes. As previously
announced, the company's senior credit facility requires the
company to defer interest on the subordinated notes following the
November 20th payment until the closing of the transaction with
Kohlberg & Company. Deferred interest, and interest accrued
thereon, will be paid on the closing date of the transaction. For
more information please contact: Gael Doar Director of
Communications 203-975-5941 Centerplate, Inc., with its principal
executive office in Stamford, CT, is a leading provider of food,
merchandise and related services, including concessions and
catering services in approximately 130 sports facilities,
convention centers and other entertainment venues throughout the
United States and Canada. Visit the company online at
http://www.centerplate.com/ . DATASOURCE: Centerplate, Inc.
Contact: Gael Doar, Director of Communications, Centerplate, Inc.,
+1-203-975-5941, Web site: http://www.centerplate.com/
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