Hayes Lemmerz to Offer Euro Denominated Senior Unsecured Notes
March 03 2005 - 6:01AM
PR Newswire (US)
Hayes Lemmerz to Offer Euro Denominated Senior Unsecured Notes
NORTHVILLE, Mich., March 3 /PRNewswire-FirstCall/ -- Hayes Lemmerz
International, Inc. (NASDAQ:HAYZ) announced today that its wholly
owned subsidiary, HLI Operating Company Inc., plans to offer
approximately $150 million in Euro denominated, senior unsecured
notes. The issuance of the notes is conditioned upon an amendment
of the Company's credit facility and is subject to market and other
customary conditions. The Company intends to use approximately half
of the net proceeds from the offering for general corporate
purposes and the balance to repay a portion of the term loan
facility under the Company's credit facility. The notes will be
offered in the United States to qualified institutional buyers
pursuant to Rule 144A under the Securities Act of 1933, as amended,
and outside the United States pursuant to Regulation S under the
Securities Act. The notes have not been and will not be registered
under the Securities Act and may not be offered or sold in the
United States without registration or an applicable exemption from
the registration requirements. THIS PRESS RELEASE IS NEITHER AN
OFFER TO SELL NOR THE SOLICITATION OF AN OFFER TO BUY THE NOTES OR
ANY OTHER SECURITIES, AND SHALL NOT CONSTITUTE AN OFFER,
SOLICITATION OR SALE IN ANY JURISDICTION IN WHICH SUCH AN OFFER,
SOLICITATION OR SALE IS UNLAWFUL. ANY OFFERS OF THE NOTES WILL BE
MADE ONLY BY MEANS OF A PRIVATE OFFERING MEMORANDUM. This press
release includes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, as amended, which represent the
Company's expectations and beliefs concerning future events that
involve risks and uncertainties which could cause actual results to
differ materially from those currently anticipated. All statements
other than statements of historical facts included in this release
are forward-looking statements. Factors that could cause actual
results to differ materially from those expressed or implied in
such forward-looking statements include the factors set forth in
our periodic reports filed with the SEC. Consequently, all of the
forward-looking statements made in this press release are qualified
by these and other factors, risks, and uncertainties. DATASOURCE:
Hayes Lemmerz International, Inc. CONTACT: Marika P. Diamond of
Hayes Lemmerz International, Inc., +1-734-737-5162 Web site:
http://www.hayes-lemmerz.com/
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