ERAC Canada Finance Company Completes Consent Solicitation

TORONTO, May 2, 2016 /CNW/ - ERAC Canada Finance Company (the "Issuer"), the wholly-owned Canadian finance subsidiary of Enterprise Holdings, Inc. ("Enterprise Holdings"), has completed its previously announced consent solicitation (the "Solicitation") to enter into a third supplemental indenture (the "Third Supplemental Indenture"), amending and supplementing the indenture dated as of March 1, 2001, between the Issuer, Enterprise Holdings, as guarantor, and Computershare Trust Company of Canada, as trustee, as amended and supplemented to date, with respect to $100 million outstanding aggregate principal amount of its Series 06-2 5.70% Notes due February 26, 2021 (the "Securities").  The consent fees will be paid to holders of the Securities as described in the Consent Solicitation Statement dated April 18, 2016.

The Solicitation has been approved by the holders of record of a majority of the outstanding principal amount of the Securities.  Accordingly, the amendments contemplated in the Third Supplemental Indenture will apply to the Securities.

RBC Dominion Securities Inc. served as the solicitation agent, D.F. King & Co., Inc. served as the information agent and Computershare Trust Company of Canada served as the tabulation agent for the Solicitation.

This announcement is not a solicitation of consents with respect to the Securities.

SOURCE Enterprise Holdings

For further information: Lisa Martini, lisa.martini@ehi.com


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