CMPSC

AcronymDefinition
CMPSCCharles Melvin Price Support Center (Illinois)
CMPSCConsejo Mundial Para La Promoción Social de Los Ciegos (Spanish: World Council for the Welfare of the Blind)
References in periodicals archive ?
The Company and CMPSC offered to exchange all of the outstanding Existing Notes held by eligible holders in exchange for (1) up to $15 million aggregate principal amount of Variable Rate Senior Subordinated Secured Second Lien Notes due 2014 of CMPSC (the "New Notes"), (2) up to $35 million in shares of Series A preferred stock of the Company (the "New Preferred Stock"), and (3) warrants exercisable for shares of the Company's common stock representing, in the aggregate, up to 40% of the outstanding common stock on a fully diluted basis (the "New Warrants" and, with the New Notes and New Preferred Stock, the "New Securities").
As previously announced, CMPSC also received the requisite consents from holders of at least a majority of the aggregate principal amount of Existing Notes to amendments to the indenture governing the Existing Notes (the "Indenture") that eliminated substantially all of the restrictive covenants, certain events of default and other related provisions in the Indenture.
The exchange offer and consent solicitation are only being made, and copies of the exchange offer documents have only been made available, to holders of Existing Notes that have certified certain matters to CMPSC, including their status as either "qualified institutional buyers," as that term is defined in Rule 144A under the Securities Act of 1933, or persons other than "U.
The Company and CMPSC are offering to exchange all of the outstanding Existing Notes held by Eligible Holders in exchange for (1) up to $15 million aggregate principal amount of Variable Rate Senior Subordinated Secured Second Lien Notes due 2014 of CMPSC (the "New Notes"), (2) up to $35 million in shares of Series A preferred stock of the Company (the "New Preferred Stock"), and (3) warrants exercisable for shares of the Company's common stock representing, in the aggregate, up to 40% of the outstanding common stock on a fully diluted basis (the "New Warrants" and, with the New Notes and New Preferred Stock, the "New Securities").
Concurrently with the exchange offer, CMPSC is soliciting consents from Eligible Holders to amendments to the indenture governing the Existing Notes (the "Indenture") that eliminate substantially all of the restrictive covenants, certain events of default and other related provisions in the Indenture.
The New Notes will be secured on a second-priority basis by a security interest in substantially all of CMPSC's existing and future assets and will be subordinated to all first priority senior secured indebtedness of CMPSC, including its senior credit facilities.
Concurrently with the exchange offer, CMPSC is soliciting consents from Eligible Holders that held their Existing Notes as of March 6, 2009 to proposed amendments to the indenture governing the Existing Notes that would eliminate substantially all of the restrictive covenants, certain events of default and other related provisions in the indenture.