Jun 10, 2015, 01:30 ET
PLYMOUTH, Mich., June 10, 2015 /PRNewswire/ -- Metaldyne Performance Group Inc. ("MPG") (NYSE: MPG) today announced that it has completed its offer to exchange up to $600 million aggregate principal amount of its 7.375% Senior Notes due 2022 (the "Exchange Notes"), which have been registered under the Securities Act of 1933, as amended (the "Act") 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 expired at 5:00 p.m. (New York City time) on June 8, 2015 (such time and date, the "Expiration Date"). As of the Expiration Date all of the outstanding Original Notes were validly tendered and accepted for exchange. The exchange offer was made pursuant to the registration rights agreement entered into in connection with the issuance of the Original Notes.
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.
This press release shall not constitute an offer to purchase any securities or the solicitation of an offer to sell securities. A registration statement on Form S-4 relating to the exchange offer was declared effective by the Securities and Exchange Commission on May 8, 2015. The exchange offer was made only pursuant to the prospectus dated May 8, 2015 and the related transmittal materials and only to such persons and in such jurisdictions as is permitted under applicable law.
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.
Vice President, Business Development & Investor Relations
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SOURCE Metaldyne Performance Group Inc.
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