NEW YORK, Apr 20, 2012 (BUSINESS WIRE) --In connection with the announcement by K-9 Acquisition, Inc., an
affiliate of Apollo Global Management (NYSE: APO) ("Apollo"), and
Great Wolf Resorts, Inc. (NASDAQ: WOLF) ("Great Wolf") that
Apollo had increased its offer price to acquire Great Wolf to $7.85 per
share, K-9 Investors, L.P. (the "Holding Partnership"), an
affiliate of Apollo, announced today that it has extended the previously
announced change of control offer (the "Change of Control Offer")
for all of the outstanding 10.875% First Mortgage Notes due 2017 issued
by affiliates of Great Wolf (the "Notes") so that the Change of
Control Offer will expire simultaneously with Apollo's revised equity
tender offer.
The Change of Control Offer was previously scheduled to expire at 9:00
a.m., New York City time, on May 2, 2012. The Holding Partnership is
extending the expiration of the Change of Control Offer until 9:00 a.m.,
New York City time, on Friday, May 4, 2012, unless further extended or
earlier terminated. Accordingly, the tender deadline under the Change of
Control Offer is extended to 5:00 p.m., New York City time, on May 1,
2012 and the withdrawal deadline under the Change of Control Offer is
extended to 5:00 p.m., New York City time, on May 2, 2012. The Tender
Agent under the Change of Control Offer has informed the Holding
Partnership that, as of 5:00 p.m. on Thursday, April 19, 2012, $7,000
principal amount of Notes have been properly tendered in the Change of
Control Offer.
Except as set forth herein, the complete terms and conditions of the
Change of Control Offer remain the same as set forth in the Change of
Control Notice and Offer to Purchase dated March 13, 2012, and the
related letter of transmittal.
Any inquiries regarding the Change of Control Offer may be directed to
D.F. King & Co., Inc., the Tender Agent for the Change of Control Offer,
at (212) 269-5550 (collect) or (800) 714-3313 (toll free).
The description contained herein is for informational purposes only and
is neither an offer to buy nor the solicitation of an offer to sell the
Notes or other securities. The Change of Control Offer described herein
will not be made in any jurisdiction in which, or to or from any person
to or from whom, it is unlawful to make such offer or solicitation under
applicable state or foreign securities or "blue sky" laws.
About Apollo Global Management
Apollo (NYSE: APO) is a leading global alternative investment manager
with offices in New York, Los Angeles, Houston, London, Frankfurt,
Luxembourg, Singapore, Mumbai and Hong Kong. Apollo had assets under
management of more than $75 billion as of December 31, 2011, in private
equity, credit-oriented capital markets and real estate funds invested
across a core group of nine industries where Apollo has considerable
knowledge and resources. For more information about Apollo, please visit http://www.agm.com.
Forward-Looking Statements
Statements herein regarding the Change of Control Offer and any other
statements about future expectations and the intent of any parties about
future actions constitute "forward-looking statements" as defined in the
federal securities laws. Forward-looking statements may be identified by
words such as "believe," "expects," "anticipates," "projects,"
"intends," "should," "estimates" or similar expressions. Such statements
are based upon current beliefs, expectations and assumptions and are
subject to significant risks and uncertainties. There are a number of
important factors that could cause actual results or events to differ
materially from those indicated by such forward-looking statements.
Apollo believes these forward-looking statements are reasonable;
however, undue reliance should not be placed on any forward-looking
statements, which are based on current expectations. All written and
oral forward-looking statements attributable to Apollo or persons acting
on Apollo's behalf are qualified in their entirety by these cautionary
statements. Further, forward-looking statements speak only as of the
date they are made, and Apollo undertakes no obligation to update or
revise forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating
results over time unless required by law. Past financial or operating
performance is not necessarily a reliable indicator of future
performance and you should not use our historical performance to
anticipate results or future period trends.
SOURCE: Apollo Global Management
Apollo Global Management, LLC
Investors:
Gary
M. Stein, 212-822-0467
Head of Corporate Communications
gstein@apollolp.com
or
Patrick
Parmentier, CPA, 212-822-0472
Investor Relations Manager
pparmentier@apollolp.com
or
Media:
Rubenstein
Associates, Inc. for Apollo Global Management, LLC
Charles Zehren,
212-843-8590
czehren@rubenstein.com