Associated Materials Announces Offering of $730 Million of Senior Secured Notes
CUYAHOGA FALLS, Ohio, Sept. 28 /PRNewswire/ -- Associated Materials, LLC today announced that Carey Acquisition Corp. and its subsidiary intend to offer $730 million in aggregate principal amount of senior secured notes due 2017 (the "Notes") in a private placement, subject to market and other conditions. The net proceeds from the offering of the Notes will be used, in part, to finance the previously announced acquisition of the parent company of Associated Materials, LLC by affiliates of Hellman & Friedman, LLC, and the offering of the Notes is conditioned upon the contemporaneous closing of the acquisition. Upon completion of the offering and the acquisition, the notes will become obligations of Associated Materials, LLC. The Notes will be guaranteed by all of the direct and indirect domestic subsidiaries of Associated Materials, LLC that guarantee the new senior secured asset-based revolving credit facility that is expected to entered into in connection with the acquisition.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes nor shall there be any sale of the Notes in any state in which such offer, solicitation or sale would be unlawful. The Notes to be offered have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws, and may not be offered or sold in the United States absent registration or pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements related to the proposed offering of the Notes, the acquisition and the financing thereof. These forward-looking statements involve known and unknown risks, uncertainties and other factors discussed in the filings with the Securities and Exchange Commission (the "SEC") of AMH Holdings, LLC and Associated Materials, LLC. Any forward-looking statements speak only as of the date of this press release and, except to the extent required by applicable securities laws, AMH Holdings, LLC and Associated Materials, LLC expressly disclaim any obligation to update or revise any of them to reflect actual results, any changes in expectations or any change in events. If AMH Holdings, LLC and Associated Materials, LLC do update one or more forward-looking statements, no inference should be drawn that either of them will make additional updates with respect to those or other forward-looking statements.
SOURCE Associated Materials and AMH Holdings
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