1
EXHIBIT 99.2
NOTICE OF GUARANTEED DELIVERY
FOR
9 5/8% SERIES A SENIOR NOTES DUE 2007
OF
WORLDTEX, INC.
This form or one substantially equivalent hereto must be used to accept the
Exchange Offer of Worldtex, Inc. (the "Company") made pursuant to the Prospectus
dated February [ ], 1998 (the "Prospectus") if certificates for the 9 5/8%
Series A Senior Notes due 2007 (the "Old Notes") of the Company are not
immediately available or if the Old Notes, the Letter of Transmittal or any
other documents required thereby cannot be delivered to the Exchange Agent or
the procedure for book-entry transfer cannot be completed, prior to 5:00 P.M.,
New York City time, on the Expiration Date (as defined in the Prospectus). Such
form may be delivered by hand or transmitted by facsimile transmission,
overnight courier or mail to the Exchange Agent. Capitalized terms used by not
defined herein have the meanings given to them in the Prospectus.
TO: IBJ SCHRODER BANK & TRUST COMPANY, THE EXCHANGE AGENT
By Registered or Certified Mail: By Hand or Overnight Courier:
- ------------------------------------------------ -----------------------------------------
IBJ Schroder Bank & Trust Company IBJ Schroder Bank & Trust Company
Bowling Green Station One State Street
P.O. Box 84 New York, New York 10004
New York, New York 10274-0084 Attention: Securities Processing Window
Attention: Reorganization Operations Department Subcellar One, (SC-1)
By Facsimile:
(212) 858-2611
Attention: Customer Service
Confirm by telephone:
(212) 858-2103
DELIVERY OF THIS INSTRUMENT TO AN ADDRESS, OR TRANSMISSION OF INSTRUCTIONS
VIA FACSIMILE, OTHER THAN AS SET FORTH ABOVE, DOES NOT CONSTITUTE A VALID
DELIVERY.
This form is not to be used to guarantee signatures. If a signature on the
Letter of Transmittal to be used to tender Old Notes is required to be
guaranteed by an "Eligible Institution" under the instructions thereto, such
signature guarantee must appear in the applicable space provided on the Letter
of Transmittal.
LADIES AND GENTLEMEN:
The undersigned hereby tenders to Worldtex, Inc., a Delaware corporation
(the "Company"), upon the terms and subject to the conditions set forth in the
Prospectus and the Letter of Transmittal (which together constitute the
"Exchange Offer"), receipt of which is hereby acknowledged, the principal amount
of Old Notes pursuant to the guaranteed delivery procedures set forth in "The
Exchange Offer--Guaranteed Delivery Procedures" in the Prospectus.
2
NOTE: SIGNATURES MUST BE PROVIDED WHERE INDICATED BELOW.
Principal Amount(s) of Old Notes Name(s) of Record Holder(s)
- ----------------------------------------- -----------------------------------------
- ----------------------------------------- -----------------------------------------
PLEASE PRINT OR TYPE
Address
ZIP CODE
Area Code and Tel. No.
Certificate Nos. (if available) Signature(s)
- ----------------------------------------- -----------------------------------------
Dated:
- -----------------------------------------
If Old Notes will be delivered by
book-entry transfer at The Depository
Trust
Company ("DTC"), Depository Account
No.:
This Notice of Guaranteed Delivery must be signed by the Holder(s) of Old
Notes exactly as its (their) name(s) appear(s) on certificates for Old Notes or
on a security position listing as the owner of the Old Notes, or by person(s)
authorized to become Holder(s) by endorsements and documents transmitted with
this Notice of Guaranteed Delivery. If signature is by a trustee, executor,
administrator, guardian, attorney-in-fact, officer of a corporation or other
person acting in a fiduciary or representative capacity, such person must
provide the following information:
Please print name(s) and address(es)
Name(s) -----------------------------------------------------------------------
-----------------------------------------------------------------------
Capacity:
-----------------------------------------------------------------------
Address(es):
=======================================================================
3
GUARANTEE
(NOT TO BE USED FOR SIGNATURE GUARANTEE)
The undersigned, a member firm of a registered national securities exchange
or of the National Association of Securities Dealers, Inc., a commercial bank or
trust company having an office or correspondent in the United States or an
"Eligible Guarantor Institution" within the meaning of Rule 17Ad-15 under the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), hereby
guarantees that delivery to the Exchange Agent of certificates for the Old Notes
tendered hereby, in proper form for transfer (or confirmation of electronic
delivery of book-entry transfer of such Old Notes into the Exchange Agent's
account at DTC, pursuant to the procedures for book-entry transfer set forth in
the Prospectus), with delivery of a properly completed and duly executed Letter
of Transmittal (or manually signed facsimile thereof) with any required
signature guarantees and any other required documents, will be received by the
Exchange Agent at one of its addresses set forth above within three New York
Stock Exchange trading days after the date of execution of the Notice of
Guaranteed Delivery.
-----------------------------------------
Name of Firm AUTHORIZED SIGNATURE
- ----------------------------------
Name
Address PLEASE PRINT OR TYPE
Title
- -----------------------------------------
ZIP CODE
Area Code & Tel. No. Date
Dated: , 1998
NOTE: DO NOT SEND OLD NOTES WITH THIS FORM; OLD NOTES SHOULD BE SENT WITH YOUR
LETTER OF TRANSMITTAL SO THAT THEY ARE RECEIVED BY THE EXCHANGE AGENT
WITHIN THREE NEW YORK STOCK EXCHANGE TRADING DAYS AFTER THE DATE OF
EXECUTION OF THE NOTICE OF GUARANTEED DELIVERY.