PLYMOUTH, Mich., May 8, 2015 /PRNewswire/ -- Metaldyne
Performance Group Inc. ("MPG") (NYSE: MPG) today announced that it
has launched an offer to exchange up to $600
million aggregate principal amount of its 7.375% Senior
Notes due 2022, which have been registered under the Securities Act
of 1933, as amended (the "Act") (the "Exchange Notes") for any or
all of its $600 million aggregate
principal amount of its 7.375% Senior Notes due 2022, which are not
registered under the Act (the "Original Notes"). The exchange offer
will expire at 5:00 p.m.
(New York City time) on
June 8, 2015, unless extended by MPG.
Valid tenders of the original notes must be made, and may be
withdrawn at any time, before the exchange offer expires.
The Exchange Notes are substantially identical to the Original
Notes, except the Exchange Notes are registered under the Act and
the restrictions on transfer and registration rights applicable to
the Original Notes will not apply to the Exchange Notes. The
Original Notes were sold in a private placement to qualified
institutional buyers under Rule 144A and to persons outside
the United States under Regulation
S, which sale was completed on October 20,
2014.
The terms of the exchange offer and other information relating
to MPG are set forth in a prospectus dated May 8, 2015 (the "prospectus"). Documents
describing the terms of the exchange offer, including the
prospectus and transmittal materials for making tenders, may be
obtained from our exchange agent, Wilmington Trust, National
Association, via registered or certified mail at:
Wilmington Trust, National Association
Rodney Square North, 1100 North
Market Street
Wilmington, DE 19890-1615
Attn: Workflow Management
A registration statement relating to the exchange offer was
declared effective by the Securities and Exchange Commission on
May 8, 2015. This press release shall
not constitute an offer to purchase any securities or the
solicitation of an offer to sell securities. The exchange offer is
being made only pursuant to the prospectus and the related
transmittal materials and only to such persons and in such
jurisdictions as is permitted under applicable law.
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. For more information,
visit www.mpgdriven.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements may be identified by words such
as "expects," "intends," "anticipates," "plans," "believes,"
"seeks," "estimates," "will" or words of similar meaning and
include, but are not limited to, statements regarding the outlook
for the Company's future business and financial performance.
Forward-looking statements are based on management's current
expectations and assumptions, which are subject to inherent
uncertainties, risks and changes in circumstances that are
difficult to predict. Actual outcomes and results may differ
materially due to global political, economic, business,
competitive, market, regulatory and other factors and risks,
including those described under the heading "Risk Factors" in our
filings with the Securities and Exchange Commission. The
Company undertakes no obligation to update or revise any
forward-looking statement to reflect events or circumstances after
the date on which the statement is made or to reflect the
occurrence of unanticipated events, except as otherwise may be
required by law.
Contact:
Investor Relations
Paul Suber
Vice President, Business Development & Investor Relations
investors@mpgdriven.com
248-440-9503
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SOURCE Metaldyne Performance Group Inc.