WireCo WorldGroup Inc. Announces Pricing of its Private Offering of $275 Million of Senior Notes

KANSAS CITY, Mo., May 17 /PRNewswire/ -- WireCo WorldGroup Inc. (WireCo) announced today the pricing of its previously announced private offering of senior notes maturing in 2017.  A total of $275 million aggregate principal amount of notes, which will bear interest at 9.500% per annum, will be issued.  WireCo intends to use part of the proceeds of the offering to redeem all of its outstanding 11% Senior Notes due 2015.  The remainder of the proceeds will be used for general corporate purposes and to pay the fees and expenses associated with the offering.  Subject to limited exceptions, the notes will be guaranteed by WireCo's existing and future domestic subsidiaries, as well as its ultimate parent holding company, WireCo WorldGroup (Cayman) Inc., and certain of its subsidiaries.

The senior notes being offered have not been and will not be registered under the Securities Act of 1933, as amended, or any state securities laws.  Accordingly, the notes are being offered in the United States only to qualified institutional buyers under Rule 144A of the Securities Act or to non-U.S. persons in transactions outside the United States in compliance with Regulation S under the Securities Act.  

This press release shall not constitute an offer to sell nor a solicitation of an offer to buy, nor shall there be any sale of, these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Forward-Looking Statements

Some of the statements in this release may constitute forward-looking statements.  Such statements are based on our current expectations and projections about future events that could be affected by numerous factors and are, therefore, subject to various risks and uncertainties discussed in the offering circular.  It is not possible to foresee or identify all such factors.  Do not rely on any forward-looking statement, as we cannot predict or control many of the factors that ultimately may affect our ability to achieve the results estimated.  Forward-looking statements are not a guarantee of future performance and actual results or developments may differ materially from expectations.  We make no promise to update any forward-looking statement, whether as a result of changes in underlying factors, new information, future events or otherwise.

SOURCE WireCo WorldGroup Inc.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED