STAMFORD, Conn., Sept. 30 /CNW/ -- Centerplate, Inc. (Amex: CVP; TSX:
CVP.un), announced today that a cash payment of U.S. $0.064 per Income Deposit
Security will be payable on October 20, 2008 to holders of record of Income
Deposit Securities at the close of business on October 10, 2008.
Each of the Income Deposit Securities issued by the company is comprised
of one share of common stock and a subordinated note. The payment of U.S.
$0.064 reflects an interest payment on the subordinated note for the monthly
period beginning September 20, 2008 and ending October 19, 2008 as provided in
the subordinated notes.
As previously announced, the company's senior credit facility requires
the company to defer interest on the subordinated notes following the November
20th payment until the closing of the transaction with Kohlberg & Company.
Deferred interest, and interest accrued thereon, will be paid on the closing
date of the transaction.
For more information please contact:
Director of Communications
Centerplate, Inc., with its principal executive office in Stamford, CT,
is a leading provider of food, merchandise and related services, including
concessions and catering services in approximately 130 sports facilities,
convention centers and other entertainment venues throughout the United States
and Canada. Visit the company online at www.centerplate.com .
For further information:
For further information: Gael Doar, Director of Communications,
Centerplate, Inc., +1-203-975-5941, email@example.com Web Site: