Residential Capital LLC, the Minneapolis-based holding company for GMAC's residential lending affiliates, has extended the early tender time for its previously announced cash tender offer for up to $750 million in aggregate principal amount of debt securities.ResCap said the new early tender time is 5 p.m. EST on Dec. 12 (unless further extended by ResCap). Holders must validly tender their notes prior to the early tender time in order to be eligible for the early tender premium of $30 per $1,000 principal amount of notes. The tender offer will expire at midnight Eastern time on Dec. 19. ResCap can be found on the Web at http://www.rescapholdings.com.
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