Hudson Products Holdings Inc. Private Placement
SUGAR LAND, Texas, Jan. 26 /PRNewswire/ -- Hudson Products Holdings Inc. ("Hudson"), the parent company of Hudson Products Corporation, today announced that it is proposing to offer, in a private placement, $250.0 million aggregate principal amount of Senior Secured Second Lien Notes due 2016 (the "Notes"), subject to market and other conditions. As the offering is a private placement, the Notes will be offered and sold only to qualified institutional buyers in reliance on Rule 144A and in offshore transactions pursuant to Regulation S under the United States Securities Act of 1933, as amended.
Hudson intends to use the net proceeds from the offering to prepay obligations under its existing senior credit facility, redeem a portion of its existing mezzanine notes and to pay fees and expenses associated with the offering.
The Notes to be offered have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.
Comments or questions can be directed to: |
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Steven W. Brewer, Chief Financial Officer |
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281-275-8100 |
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SOURCE Hudson Products Holdings Inc.
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