Lawson Software Says 82.6% of 2018 Notes Tendered; Euro Term Loan to Pay 550 BPS More Than Libor

Lawson Software today announced that its previously announced consent solicitation, with respect to certain proposed amendments to the indenture governing its 11.5% Senior Notes due 2018 expired at 5:00 p.m., New York City time, on March 27, 2012. As of the Consent Time, the number of validly delivered and duly executed consents was approximately $462,280,000 in aggregate principal amount of the outstanding Notes, which exceeded the number needed to approve the Proposed Amendments.