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Bahama Islands News, Articles and Information
Kerzner Extends Expiration Date for Notes
PARADISE ISLAND, The Bahamas -- (PRESS RELEASE) -- Kerzner International Limited (NYSE: KZL), through its subsidiaries a leading international developer and operator of destination resorts, casinos and luxury hotels, and its wholly owned subsidiary, Kerzner International North America, Inc. ("KINA"), announced today that they have extended the expiration date of the tender offer and consent solicitation relating to their 6 3/4% Senior Subordinated Notes due 2015 to 5:00 p.m., New York City time, on August 30, 2006, unless extended to a later date or terminated. As of 5:00 p.m., New York City time, on August 28, 2006, tenders of and consents with respect to approximately 98.7% of the aggregate outstanding principal amount of their notes were received, according to The Bank of New York Trust Company, N.A., the Depositary.
'Tank' is coming home
The Grand Bahama professional boxer, who has made a name for himself on the international boxing circuit, is coming home for some rest and relaxation.And getting some R&R is something "The Tank" deserves, after winning all six professional fights he's had thus far this year.
"I made it known to my managers that I was taking a vacation and take a trip back home," said Williams.
"The president of the company wanted to send his marketing Directors and other people to The Bahamas, with me, to see the possibility of picking up a venue or get with a hotel or with the Ministry of Tourism, to host one of the two fights we have left for the year.
"I think they will be coming to Freeport when I come home and they want to have meetings with managers of hotels and with the Ministry to discuss that kind of opportunity."
"The Tank" said that while he intends to come home to get some rest, there will still be much work being done while at home.
Kerzner Extends Note Offer
PARADISE ISLAND, The Bahamas -- (PRESS RELEASE) -- Kerzner International Limited (NYSE:KZL), through its subsidiaries, a leading international developer and operator of destination resorts, casinos and luxury hotels, and its wholly owned subsidiary, Kerzner International North America, Inc. ("KINA"), announced today that they have extended the expiration date of the tender offer and consent solicitation relating to their 6 3/4% Senior Subordinated Notes due 2015 to 5:00 p.m., New York City time, on August 31, 2006, unless extended to a later date or terminated. As of 5:00 p.m., New York City time, on August 30, 2006, tenders of and consents with respect to approximately 98.7% of the aggregate outstanding principal amount of their notes were received, according to The Bank of New York Trust Company, N.A., the Depositary.Georgia Chapter holding SEA conference
Setting incentives to ensure a positive feedback for the island of Grand Bahama, Ministry of Tourism (MOT) officials have partnered with the Westin and Sheraton at Our Lucaya to welcome some 210 members of the Georgia Chapter of MPI one of the largest organisation of its kind to visit the island.The chapter, whose Summer Educational Alliance (SEA) conference will run over the course of four days, arrived yesterday to a warm welcome by representatives of MOT and the hotel.
The greeting began when the 210 members from the chapters of Carolinas, Potomac and Tennessee received special treatment from the hotels' executives.
MOT Senior Regional Manager Maxine Lockhart said that the welcome is an opportunity for the island to make familiarities with its guests.
Kerzner Shareholders Approve Acquisition by Investor Group
PARADISE ISLAND, The Bahamas--(BUSINESS WIRE)--Aug. 28, 2006--Kerzner International Limited (NYSE:KZL) (the "Company"), through its subsidiaries a leading international developer and operator of destination resorts, casinos and luxury hotels, today announced that the acquisition of the Company by an investor group led by Sol Kerzner, the Company's Chairman of the Board, and Butch Kerzner, the Company's Chief Executive Officer, was approved today by the Company's shareholders at an extraordinary general meeting. The acquisition is expected to be completed not earlier than August 31, 2006, subject to the satisfaction of closing conditions. Under the terms of the merger agreement, the Company's shareholders will receive $81.00 in cash, without interest, for each of the Company's ordinary shares (other than certain restricted shares) held.