Lexmark announces results of consent solicitation relating to Senior Notes due 2020

LEXINGTON, Ky., April 11, 2017 /PRNewswire/ -- Lexmark International, Inc., a global imaging solutions leader, today announced that it had received, as of 5 p.m., New York City time, on April 10, 2017 (the Expiration Time), consents from the holders of a majority of its outstanding Senior Notes due 2020 (the Notes) to Lexmark's proposed amendment to the indenture governing the Notes. The terms and conditions of the consent solicitation were set forth in the Consent Solicitation Statement dated March 10, 2017, and the related consent form.

Holders of the Notes who validly delivered and did not validly revoke their consent prior to the Expiration Time will receive a consent fee of $5.00 for each $1,000 principal amount of Notes for which consent was validly delivered and not validly revoked.

Having received the requisite consents, Lexmark intends to execute a supplemental indenture to implement the amendment. The supplemental indenture will modify the indenture's reporting covenant primarily to provide that any financial statements and reports furnished to the trustee and the holders of the Notes under the indenture will be provided by Lexmark International II, LLC, the guarantor of the Notes and a parent company of Lexmark, and be those of Lexmark International II, LLC. The proposed amendment will also modify the reporting covenant to allow Lexmark International II, LLC to post its financial statements and reports on a website to which access will be given to the holders of the Notes and to certain other parties described in the Consent Solicitation Statement (other than the trustee).

Questions regarding the consent solicitation may be directed to Bruce Frost, treasurer of Lexmark, at 859-232-3645, or the Information Agent, Tabulation Agent and Payment Agent for the solicitation, D.F. King & Co., Inc., at 800-487-4870 (toll-free) or 212-269-5550 (banks and brokers), or by email at [email protected].

This announcement is not an offer to purchase, a solicitation of an offer to purchase, or a solicitation of consents with respect to any securities, including the Notes. The consent solicitation was made solely by the Consent Solicitation Statement and related consent form and was subject to the terms and conditions stated therein.

About Lexmark

Lexmark creates innovative imaging solutions and technologies that help customers worldwide print, secure and manage information with ease, efficiency and unmatched value. Open the possibilities at Lexmark.com.

Lexmark, the Lexmark logo and Open the possibilities are trademarks of Lexmark International, Inc., registered in the U.S. and/or other countries. All other trademarks are the property of their respective owners.

Caution concerning forward-looking statements

This release contains certain forward-looking statements. Forward-looking statements may be identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will" or words of similar meaning. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties, which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Lexmark undertakes no obligation to publicly update or review any forward-looking information, whether as a result of new information, future developments or otherwise.

SOURCE Lexmark International, Inc.

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