(Kansas City Southern issued the following news release on June 2.)
KANSAS CITY, Mo. — Kansas City Southern today announced that its wholly owned subsidiary, The Kansas City Southern Railway Company (“KCSR”), in connection with its previously announced solicitation of consents to amend the indentures, as supplemented where applicable (the “Indentures”), under which KCSR’s outstanding 9 1/2% Senior Notes due 2008 (the “9 1/2% Notes”) and outstanding 7 1/2% Senior Notes due 2009 (the “7 1/2% Notes” and together with the 9 1/2% Notes, the “Notes”) were issued, has increased the amount of the consent payment from $7.50 to $12.50, for each $1,000 principal amount of each series of Notes, payable to holders that validly give their consents prior to the Expiration Time, as described in the Consent Solicitation Statement dated May 11, 2005, and extended as described in press releases dated May 25, 2005, and May 31, 2005.
All of the other terms and conditions set forth in the Consent Solicitation Statement, as amended by the May 25 and May 31 press releases, remain unchanged. The Expiration Time is 5:00 p.m., New York time, on June 3, 2005.
Questions from holders of the Notes regarding the consent solicitation or requests for additional copies of the Consent Solicitation Statement, the Letter of Consent or other related documents should be directed to D.F. King & Co., Inc., the Information Agent for the consent solicitation, at 48 Wall Street, New York, New York, 10005 (telephone 800-714-3313) or the Solicitation Agent for the consent solicitation, Morgan Stanley & Co. Incorporated, at 1585 Broadway, New York, New York, 10036 (telephone 800-624-1808).
Holders of the Notes may request copies of the supplements, as amended, to the Indentures by contacting Investor Relations at KCSR at 427 West 12th Street, Kansas City, Missouri, 64105 (telephone: 816-983-1551).
This announcement is not a solicitation of consent with respect to any Notes. The consent solicitation is being made solely by the Consent Solicitation Statement and related documents, which set forth the complete terms of the consent solicitation.
Headquartered in Kansas City, Mo., KCS is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holdings include The Kansas City Southern Railway Company, founded in 1887, and The Texas-Mexican Railway Company, founded in 1885, serving the central and south central U.S. Its international holdings include a controlling interest in TFM, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lazaro Cardenas, Tampico and Veracruz, and a 50% interest in The Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS’s North American rail holdings and strategic alliances are primary components of a NAFTA Railway system, linking the commercial and industrial centers of the U.S., Canada and Mexico.