PLYMOUTH, Mich., Dec. 11, 2014 /PRNewswire/ -- Metaldyne
Performance Group Inc. ("MPG") (NYSE: MPG) today announced the
pricing of its initial public offering of 10,000,000 shares of
common stock at a price to the public of $15.00 per share. All of the shares in the
offering are being offered by an affiliate of American Securities
LLC, ASP MD Investco LP (the "Selling Stockholder"). In addition,
the Selling Stockholder has granted the underwriters a 30-day
option to purchase up to an additional 1,500,000 shares. The shares
are expected to begin trading on December
12, 2014 on the New York Stock Exchange under the symbol
"MPG." The closing of the offering is expected to occur on
December 17, 2014, subject to the
satisfaction of customary closing conditions.
BofA Merrill Lynch, Goldman, Sachs & Co., Deutsche Bank
Securities Inc., Barclays Capital Inc., Credit Suisse Securities
(USA) LLC and RBC Capital Markets,
LLC are acting as joint book-running managers for the offering.
Robert W. Baird & Co. Incorporated is acting as lead co-manager
for the offering and KeyBanc Capital Markets Inc. and Nomura
Securities International, Inc. are acting as co-managers for the
offering.
The offer is being made only by means of a prospectus. Copies of
the prospectus may be obtained from: BofA Merrill Lynch, 222
Broadway, New York, NY 10038,
Attn: Prospectus Department, or by emailing
dg.prospectus_requests@baml.com; Goldman, Sachs & Co., 200 West
Street, New York, NY 10282, Attn:
Prospectus Department, by emailing prospectus-ny@ny.email.gs.com,
or by calling (866) 471-2526; or Deutsche Bank Securities Inc., 60
Wall Street, New York, NY 10005,
Attn: Prospectus Group, by emailing prospectus.CPDG@db.com,
or by calling (800) 503-4611.
A registration statement relating to shares of the common stock
of MPG was declared effective by the Securities and Exchange
Commission on December 11, 2014. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor may there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About MPG
Metaldyne Performance Group Inc. is a leading provider of
highly-engineered components for use in powertrain and
safety-critical platforms for the global light, commercial and
industrial vehicle markets. MPG produces these components using
complex metal-forming manufacturing technologies and processes for
a global customer base of vehicle OEMs and Tier I suppliers. MPG's
metal-forming manufacturing technologies and processes include
aluminum die casting, forging, iron casting and powder metal
forming as well as advanced machining and assembly. Headquartered
in Plymouth, Michigan, MPG has a
global footprint spanning 61 locations in 13 countries across
North America, South America, Europe and Asia with approximately 12,000 employees.
Forward-Looking Statements
This press release contains forward-looking statements. The
words "believe," "expect," "anticipate," "intend," "estimate" and
other expressions that are predictions of or indicate future events
and trends and that do not relate to historical matters identify
forward-looking statements. You should not place undue reliance on
these forward-looking statements. Although forward-looking
statements reflect management's good faith beliefs, reliance should
not be placed on forward-looking statements because they involve
known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements to differ
materially from anticipated future results, performance or
achievements expressed or implied by such forward–looking
statements. Forward-looking statements speak only as of the date
the statements are made. MPG undertakes no obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future events, changed circumstances or
otherwise. These forward-looking statements are subject to numerous
risks and uncertainties, including, but not limited to: our
comments relating to growth of, or changes in, the global
commercial vehicle markets; maintaining existing sales levels with
our current customers and end users while attracting new ones;
operating in global markets and expanding into adjacent markets
while strengthening our market position in our existing markets;
and financial projections.
CONTACT:
Investor Contact:
Paul Suber, Vice President,
Business Development & Investor Relations
psuber@mpgdriven.com
248-440-9502
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SOURCE Metaldyne Performance Group Inc.