Hayes Lemmerz to Offer $150 Million or Euro Equivalent of Senior Unsecured Notes
April 27 2007 - 7:34AM
PR Newswire (US)
NORTHVILLE, Mich., April 27 /PRNewswire-FirstCall/ -- Hayes Lemmerz
International, Inc. (NASDAQ:HAYZ) announced today that it plans to
offer approximately $150 million, or the equivalent amount
denominated in euros, of senior unsecured notes. The notes are
expected to be issued by a European subsidiary. The issuance of the
notes is subject to market and other customary conditions. The
Company intends to use the net proceeds from the offering, together
with the proceeds from $495 million of new senior secured credit
facilities, to refinance the Company's obligations under its
Amended and Restated Credit Agreement dated April 11, 2005. 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 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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