Exhibit 99.2
NOTICE OF GUARANTEED DELIVERY
TO BE USED IN CONNECTION WITH
SIG CAPITAL TRUST I
OFFER TO EXCHANGE ITS
9 1/2% TRUST PREFERRED SECURITIES
WHICH HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933
FOR ANY AND ALL OF ITS OUTSTANDING
9 1/2% TRUST PREFERRED SECURITIES
(LIQUIDATION AMOUNT $1,000 PER PREFERRED SECURITY)
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THE EXCHANGE OFFER AND WITHDRAWAL RIGHTS
WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME,
ON , 1997 UNLESS THE OFFER IS EXTENDED
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As set forth in the Exchange Offer (as defined below), this Notice of
Guaranteed Delivery, or one substantially equivalent to this form, must be used
to accept the Exchange Offer if (i) certificates for the Trust's (as defined
below) 9 1/2% Trust Preferred Securities (the "Preferred Securities") are not
immediately available, (ii) the Preferred Securities, the Letter of Transmittal
and all other required documents cannot be delivered to Wilmington Trust Company
(the "Exchange Agent") on or prior to the Expiration Date (as defined in the
Prospectus referred to below) or (iii) the procedures for delivery by book-entry
transfer cannot be completed on or prior to the Expiration Date. This Notice of
Guaranteed Delivery may be delivered by hand, overnight courier or mail, or
transmitted by facsimile transmission, to the Exchange Agent on or prior to the
Expiration Date. See "The Exchange Offer--Procedures for Tendering Preferred
Securities" in the Prospectus.
Wilmington Trust Company, Exchange Agent
By Mail, Hand or Overnight Delivery:
Wilmington Trust Company
Corporate Trust Operation
Rodney Square North
1100 North Market Street
Wilmington, Delaware 19890-0001
Attn: Jill Rylee
Facsimile Transmission:
(302) 651-1079
Confirm By Telephone:
Jill Rylee: (302) 651-8869
DELIVERY OF THIS INSTRUMENT TO AN ADDRESS OTHER THAN AS SET FORTH
ABOVE, OR TRANSMISSION OF THIS INSTRUMENT VIA FACSIMILE OTHER THAN AS SET FORTH
ABOVE, WILL NOT CONSTITUTE A VALID DELIVERY.
THIS NOTICE OF GUARANTEED DELIVERY IS NOT TO BE USED TO GUARANTEE
SIGNATURES. IF A SIGNATURE ON A LETTER OF TRANSMITTAL IS REQUIRED TO BE
GUARANTEED BY AN "ELIGIBLE INSTITUTION" UNDER THE INSTRUCTIONS THERETO, SUCH
SIGNATURE GUARANTEE MUST APPEAR IN THE APPLICABLE SPACE PROVIDED IN THE
SIGNATURE BOX OF THE LETTER OF TRANSMITTAL.
Ladies and Gentlemen:
The undersigned hereby tenders to SIG Capital Trust I, a Delaware
statutory business trust (the "Trust"), upon the terms and subject to the
conditions set forth in the Prospectus dated ____________, 1997 (as the same may
be amended or supplemented from time to time, the "Prospectus"), and the related
Letter of Transmittal (which together constitute the "Exchange Offer"), receipt
of which is hereby acknowledged, the aggregate liquidation amount of Preferred
Securities set forth below pursuant to the guaranteed delivery procedures set
forth in the Prospectus under the caption "The Exchange Offer--Procedures for
Tendering Preferred Securities."
Aggregate Liquidation
Amount Tendered:_____________________________________
Name of Registered Holder:___________________________
Address:_____________________________________________
_____________________________________________________
Certificate Nos.
(if available):______________________________________
Area Code and Telephone Number:______________________
Signature:___________________________________________
The undersigned understands that tenders of Preferred Securities will
be accepted only in liquidation amounts of $100,000 and integral multiples of
$1,000 in excess thereof.
If Preferred Securities will be tendered by book-entry transfer, provide the
following information:
DTC Account Number:____________________________
Date:____________________________, 1997
THE GUARANTEE ON THE REVERSE SIDE MUST BE COMPLETED
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GUARANTEE
(NOT TO BE USED FOR SIGNATURE GUARANTEE)
The undersigned, a financial institution (including most banks, savings
and loan associations and brokerage houses) that is a participant in the
Securities Transfer Agent Medallion Program, the New York Stock Exchange
Medallion Program or the Stock Exchange Medallion Program (an "Eligible
Institution"), hereby guarantees to deliver to the Exchange Agent, at its
address set forth above, either the Preferred Securities tendered hereby in
proper form for transfer, or confirmation of the book-entry transfer of such
Preferred Securities to the Exchange Agent's account at The Depository Trust
Company, pursuant to the procedures for book-entry transfer set forth in the
Prospectus, in either case together with one or more properly completed and duly
executed Letters of Transmittal (or facsimile thereof or Agent's Message (as
defined in the Letter of Transmittal in lieu thereof) and any other required
documents within three New York Stock Exchange trading days after the date of
execution of this Notice of Guaranteed Delivery.
The undersigned acknowledges that it must deliver the Letters of
Transmittal (or facsimile thereof or Agent's Message in lieu thereof) and the
Preferred Securities tendered hereby (or a book-entry confirmation) to the
Exchange Agent within the time period set forth above and that failure to do so
could result in a financial loss to the undersigned.
Name of Firm:__________________________________________________________________
(Authorized Signature)_________________________________________________________
Title:
Address:_______________________________________________________________________
_______________________________________________________________________________
(Include Zip Code)
Area Code and Telephone Number:________________________________________________
Date:__________________________________________________________________________
NOTE: DO NOT SEND PREFERRED SECURITIES WITH THIS NOTICE OF GUARANTEED DELIVERY.
ACTUAL SURRENDER OF PREFERRED SECURITIES MUST BE MADE PURSUANT TO, AND BE
ACCOMPANIED BY, A PROPERLY COMPLETED AND DULY EXECUTED LETTER OF TRANSMITTAL AND
ANY OTHER REQUIRED DOCUMENTS.
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