Metaldyne Performance Group Inc. Launches Exchange Offer
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 Valid tenders of the original notes must be made, and may be withdrawn at any time, before the exchange offer expires.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
[email protected]
248-440-9503
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SOURCE Metaldyne Performance Group Inc.
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