Oshkosh Corporation Completes Exchange Offer for 5.375% Senior Notes Due 2025
June 25 2015 - 8:00AM
Business Wire
Oshkosh Corporation (NYSE: OSK) today reported the results of
its previously announced offer to exchange (the “Exchange Offer”)
all of its outstanding $250,000,000 aggregate principal amount of
5.375% Senior Notes due 2025 (the “Original Notes”) for new 5.375%
Senior Notes due 2025 that have been registered under the
Securities Act of 1933. As of 5:00 p.m., New York City time, on
June 24, 2015, the expiration date for the Exchange Offer (the
“Expiration Date”), holders of 100.000% of the principal amount of
the Original Notes (excluding Original Notes tendered by guaranteed
delivery) had validly tendered pursuant to the terms of the
Exchange Offer. The settlement date for the Exchange Offer will
occur promptly following the Expiration Date.
About Oshkosh
Corporation
Oshkosh Corporation is a leading designer, manufacturer and
marketer of a broad range of access equipment, commercial, fire
& emergency, military and specialty vehicles and vehicle
bodies. Oshkosh Corporation manufactures, distributes and services
products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®,
Jerr-Dan®, Frontline™, CON-E-CO®, London® and IMT®. Oshkosh
products are valued worldwide by rental companies, concrete
placement and refuse collection businesses, fire & emergency
departments, municipal and airport services and defense forces,
where high quality, superior performance, rugged reliability and
long-term value are paramount.
®, TM All brand names referred to in this news release are
trademarks of Oshkosh Corporation or its subsidiary companies.
Forward-Looking
Statements
This press release contains statements that the Company believes
to be “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact, including, without
limitation, statements regarding the Company’s future financial
position, business strategy, targets, projected sales, costs,
earnings, capital expenditures, debt levels and cash flows, and
plans and objectives of management for future operations, are
forward-looking statements. When used in this press release, words
such as “may,” “will,” “expect,” “intend,” “estimate,”
“anticipate,” “believe,” “should,” “project” or “plan” or the
negative thereof or variations thereon or similar terminology are
generally intended to identify forward-looking statements. These
forward-looking statements are not guarantees of future performance
and are subject to risks, uncertainties, assumptions and other
factors, some of which are beyond the Company’s control, which
could cause actual results to differ materially from those
expressed or implied by such forward-looking statements. These
factors include the cyclical nature of the Company’s access
equipment, commercial and fire & emergency markets, which are
particularly impacted by the strength of U.S. and European
economies; the strength of the U.S. dollar and its impact on
Company exports, translation of foreign sales and purchased
materials; the expected level and timing of U.S. Department of
Defense (“DoD”) and international defense customer procurement of
products and services and funding thereof; risks related to
reductions in government expenditures in light of U.S. defense
budget pressures, sequestration and an uncertain DoD tactical
wheeled vehicle strategy, including the Company’s ability to
successfully manage the cost reductions required as a result of
lower customer orders in the defense segment; the Company’s ability
to win a U.S. Joint Light Tactical Vehicle production contract
award and international defense contract awards; the Company’s
ability to increase prices to raise margins or offset higher input
costs; increasing commodity and other raw material costs,
particularly in a sustained economic recovery; risks related to
facilities expansion, consolidation and alignment, including the
amounts of related costs and charges and that anticipated cost
savings may not be achieved; global economic uncertainty, which
could lead to additional impairment charges related to many of the
Company’s intangible assets and/or a slower recovery in the
Company’s cyclical businesses than Company or equity market
expectations; projected adoption rates of work at height machinery
in emerging markets; risks related to the collectability of
receivables, particularly for those businesses with exposure to
construction markets; the cost of any warranty campaigns related to
the Company’s products; risks related to production or shipment
delays arising from quality or production issues; risks associated
with international operations and sales, including compliance with
the Foreign Corrupt Practices Act; the Company’s ability to comply
with complex laws and regulations applicable to U.S. government
contractors; the impact of severe weather or natural disasters that
may affect the Company, its suppliers or its customers;
cybersecurity risks and costs of defending against, mitigating and
responding to a data security breach; and risks related to the
Company’s ability to successfully execute on its strategic road map
and meet its long-term financial goals. Additional information
concerning these and other factors is contained in the Company’s
filings with the Securities and Exchange Commission, including the
Form 8-K filed on April 28, 2015. All forward-looking statements
speak only as of the date of this press release. The Company
assumes no obligation, and disclaims any obligation, to update
information contained in this press release.
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version on businesswire.com: http://www.businesswire.com/news/home/20150625005367/en/
For more information, contact:Oshkosh
CorporationFinancial:Patrick DavidsonVice President, Investor
Relations920.966.5939orMedia:John DaggettVice President,
Communications920.233.9247
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