In accordance with the terms of its EUR250 million 10.75% Senior Notes due 2014 and its US$610 million 10.625% Senior Notes due 2014, KDG offered to repurchase the notes at a price of 100% of the principal amount plus accrued and unpaid interest to the date of repurchase.
The offer to purchase will expire on October 22, 2004. A tender offer statement with detailed information about KDG’s offer to purchase notes is being sent to note holders.