Generac Portable Products, LLC and GPPW, Inc. Receive Requisite Consents in Solicitation

- 100% of Notes Tendered -



Apr 11, 2001, 01:00 ET from Generac Portable Products LLC

    JEFFERSON, Wis., April 11 /PRNewswire/ -- Generac Portable Products, LLC
 and GPPW, Inc. (collectively, the "Offerors") today announced that as of
 5:00 p.m., New York City time, on April 10, 2001 (the "Consent Date") all of
 their 11-1/4% Senior Subordinated Notes due 2006 (the "Notes") had been
 validly tendered and not withdrawn pursuant to their tender offer and consent
 solicitation and, accordingly, that the requisite consents sought in the
 consent solicitation had been received.  The tender offer will expire at
 12:00 midnight, New York City time, on April 27, 2001, unless extended by the
 Offerors.
     The Offerors also announced that they and HSBC Bank USA, the trustee under
 the indenture pursuant to which the Notes were issued (the "Indenture"), have
 executed and delivered a supplemental indenture to effect the proposed
 amendments to the Indenture and the Notes.  The amendments will not become
 operative, however, until the payment date for Notes purchased pursuant to the
 tender offer.
     In accordance with the terms and conditions of the Offerors' Offer to
 Purchase and Consent Solicitation Statement, the consent condition has been
 satisfied with respect to the tender offer for the Notes.  Withdrawal rights
 with respect to Notes tendered on or prior to the Consent Date terminated on
 the Consent Date.
     JPMorgan, a division of Chase Securities Inc ("JPMorgan"), and Goldman,
 Sachs & Co. are acting as the dealer managers and solicitation agents for the
 tender offer and the consent solicitation.  The information agent for the
 tender offer and the consent solicitation is D.F. King & Co., Inc.  The
 depositary for the tender offer and the consent solicitation is Bankers Trust
 Company.  The tender offer and the consent solicitation are being made
 pursuant to the Offerors' Offer to Purchase and Consent Solicitation Statement
 dated March 27, 2001 and related Consent and Letter of Transmittal, which more
 fully set forth the terms of the tender offer and the consent solicitation.
     Additional information concerning the terms of the tender offer and the
 consent solicitation may be obtained from JPMorgan  at  (800) 245-8812
 (toll free) or (212) 270-1100 (collect) or from Goldman, Sachs & Co. at (800)
 323-5678 (toll free) or (212) 902-1000 (collect).  Copies of the Offer to
 Purchase and Consent Solicitation Statement and related documents may be
 obtained from D.F. King & Co., Inc., the information agent, at (212) 269-5550
 (collect) (bankers and brokers) or (800) 949-2583 (toll free) (all others).
 
     This announcement is not an offer to purchase, a solicitation of an offer
 to purchase or a solicitation of consent with respect to any securities.  The
 tender offer and consent solicitation are being made solely by the Offerors'
 Offer to Purchase and Consent Solicitation Statement dated March 27, 2001 and
 the related Consent and Letter of Transmittal.
 
 

SOURCE Generac Portable Products LLC
    JEFFERSON, Wis., April 11 /PRNewswire/ -- Generac Portable Products, LLC
 and GPPW, Inc. (collectively, the "Offerors") today announced that as of
 5:00 p.m., New York City time, on April 10, 2001 (the "Consent Date") all of
 their 11-1/4% Senior Subordinated Notes due 2006 (the "Notes") had been
 validly tendered and not withdrawn pursuant to their tender offer and consent
 solicitation and, accordingly, that the requisite consents sought in the
 consent solicitation had been received.  The tender offer will expire at
 12:00 midnight, New York City time, on April 27, 2001, unless extended by the
 Offerors.
     The Offerors also announced that they and HSBC Bank USA, the trustee under
 the indenture pursuant to which the Notes were issued (the "Indenture"), have
 executed and delivered a supplemental indenture to effect the proposed
 amendments to the Indenture and the Notes.  The amendments will not become
 operative, however, until the payment date for Notes purchased pursuant to the
 tender offer.
     In accordance with the terms and conditions of the Offerors' Offer to
 Purchase and Consent Solicitation Statement, the consent condition has been
 satisfied with respect to the tender offer for the Notes.  Withdrawal rights
 with respect to Notes tendered on or prior to the Consent Date terminated on
 the Consent Date.
     JPMorgan, a division of Chase Securities Inc ("JPMorgan"), and Goldman,
 Sachs & Co. are acting as the dealer managers and solicitation agents for the
 tender offer and the consent solicitation.  The information agent for the
 tender offer and the consent solicitation is D.F. King & Co., Inc.  The
 depositary for the tender offer and the consent solicitation is Bankers Trust
 Company.  The tender offer and the consent solicitation are being made
 pursuant to the Offerors' Offer to Purchase and Consent Solicitation Statement
 dated March 27, 2001 and related Consent and Letter of Transmittal, which more
 fully set forth the terms of the tender offer and the consent solicitation.
     Additional information concerning the terms of the tender offer and the
 consent solicitation may be obtained from JPMorgan  at  (800) 245-8812
 (toll free) or (212) 270-1100 (collect) or from Goldman, Sachs & Co. at (800)
 323-5678 (toll free) or (212) 902-1000 (collect).  Copies of the Offer to
 Purchase and Consent Solicitation Statement and related documents may be
 obtained from D.F. King & Co., Inc., the information agent, at (212) 269-5550
 (collect) (bankers and brokers) or (800) 949-2583 (toll free) (all others).
 
     This announcement is not an offer to purchase, a solicitation of an offer
 to purchase or a solicitation of consent with respect to any securities.  The
 tender offer and consent solicitation are being made solely by the Offerors'
 Offer to Purchase and Consent Solicitation Statement dated March 27, 2001 and
 the related Consent and Letter of Transmittal.
 
 SOURCE  Generac Portable Products LLC