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* Centerplate and kohlberg modify terms of merger agreement; kohlberg secures
financing
* Says modified terms of sept.18 agreement to reduce tprice paid for each ids
to $2.50 from $4.00
* Says agreed with lenders to extend maturity of senior credit facility to 2012
from 2010
* Says extension of credit facility maturity will provide necessary debt
financing for kohlberg to acquire Centerplate
* Says kohlberg will contribute $125 million in equity to pay down some of term
loan, revolver and pay for tender offer and merger consideration
* Says conditions of amended facility include a pay down at closing of $25
million on current term loan and $25 million on revolver
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about Centerplate Inc click here:)
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