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Hanger Orthopedic Group, Inc. Announces Early Tender Results of Offer to Purchase Outstanding 10-1/4% Senior Notes Due 2014
Date:11/2/2010

AUSTIN, Texas, Nov. 2, 2010 /PRNewswire-FirstCall/ -- Hanger Orthopedic Group, Inc. (NYSE: HGR) announced that, as of 5:00 p.m., New York City time, on Monday, November 1, 2010 (the "Early Tender Date"), $172,443,000 aggregate principal amount of its 10-1/4% Senior Notes due 2014 (the "Notes") have been validly tendered and not validly withdrawn in connection with its previously announced cash tender offer (the "Offer") for any and all of its outstanding Notes, of which a principal amount of $175,000,000 was outstanding.

Holders who validly tendered their Notes by the Early Tender Date received $1,056.25, paid in cash today (the "Early Settlement Date"), for each $1,000 principal amount of Notes accepted for payment, which amount included an early tender payment of $30.00 per $1,000 of Notes accepted for payment.  In addition to the consideration described above, accrued and unpaid interest up to, but not including, the Early Settlement Date was paid in cash on all validly tendered and accepted Notes.

The Offer is scheduled to expire at 8:00 a.m., New York City time, on November 17, 2010, unless extended (the "Expiration Date"). Holders who validly tender their Notes after the Early Tender Date and prior to the Expiration Date (as defined below) will receive $1,026.25, payable in cash, for each $1,000 principal amount of Notes accepted for payment.

The complete terms and conditions of the Offer are set forth in the Offer to Purchase, along with any amendments and supplements thereto, which holders of the Notes are urged to read carefully before making any decision with respect to the Offer.  Copies of the Offer to Purchase may be obtained from D.F. King & Co., Inc., the depositary and information agent for the Offer (the "Agent"), at (212) 269-5550 (banks and brokers – call collect) or (888) 605-1957 (all others – toll fr
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SOURCE Hanger Orthopedic Group, Inc.
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