Thursday 17. March 2011
The Reader’s Digest Association, Inc. Announces Expiration of Exchange Offer for Floating Rate Senior Secured Notes
The Reader’s Digest Association, Inc. (the “Company”), the global, multi-brand and multi-platform media and direct marketing company, announced the expiration of its exchange offer for any and all of its outstanding $525,000,000 in aggregate principal amount of Floating Rate Senior Secured Notes due 2017 (CUSIP Nos. 755267AG6 and U75338AC4) (the “Original Notes”), which were issued on February 11, 2010, in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933 (the “Securities Act”), for an equal principal amount of a new issue of Floating Rate Senior Secured Notes due 2017 (CUSIP No. 755267AJ0) (the “New Notes”), which have been registered under the Securities Act pursuant to an effective registration statement on Form S-4 filed with the Securities and Exchange Commission.