June 22, 1999 Noteholders of Bradlees Stores, Inc. Re: Issuer Tender Offer ------------------- Gentlemen: Enclosed please find materials concerning an offer to enter into a supplemental agreement relating to your 9% Convertible Notes of Bradlees...Supplemental Agreement • June 23rd, 1999 • Bradlees Inc • Retail-variety stores
Enclosed please find materials concerning an offer to enter into a supplemental agreement relating to your 9% Convertible Notes of Bradlees Stores, Inc. Please review these materials carefully.
Discount Options: Certain affiliates of Morgens, Waterfall, Vintiadis & Company, Inc. ("MWV") and other participating Noteholders (collectively with MWV, the "Discount Option Noteholders") will grant to Bradlees Stores, Inc. (the "Company") an option...Option Agreement • June 23rd, 1999 • Bradlees Inc • Retail-variety stores
This letter will confirm the agreement of Bradlees Stores, Inc. (the "Company") to purchase an option to acquire Convertible Notes held by advisory affiliates of Morgens, Waterfall, Vintiadis & Company, Inc. ("MWV") and to grant MWV a put option in respect of the Convertible Notes that it holds on the terms attached hereto as Annex A (the "Transaction"). The Company and Bradlees Inc. ------- have obtained consent in the Transaction from their Boards of Directors.
