General Cinema Tenders Offers For HBJ Debt

General Cinema Corp. said its GCC Tender Corp. unit has begun cash tender offers for each class of Harcourt Brace Jovanovich’s public debt securities.

The company recently announced plans to buy the textbook publishing enterprise. Under the offers and consent solicitations, holders of debt securities will be entitled to the following cash amounts for every $1,000 of principal amount of debt securities.

The offers for the different classes of securities include $930 for the 13% senior notes, $770 for the 13 3/4% surbordinated debt, $450 for the 14 1/4% subordinated debt, $324 for the 14 3/4% surbordinated discount debt and $400 for the 14 3/4% subordinated payin-kind debt.

Tendering security holders are entitled to receive accrued interest through March 15. The offers will expire at 5 p.m. that date unless extended.

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