JLG Industries, Inc. Accepts for Purchase Its 8 1/4% Senior Notes Due 2008 and Its 8 3/8% Senior Subordinated Notes Due 2012
December 06 2006 - 2:33PM
Business Wire
JLG Industries, Inc. (NYSE:JLG) announced today that it has
accepted for purchase pursuant to its offers to purchase and
consent solicitations, all of its 8 1/4% Senior Notes due 2008 (the
�2008 Notes�) and its 8 3/8% Senior Subordinated Notes due 2012
(the �2012 Notes�, and together with the 2008 Notes, the �Notes�)
that were tendered to JLG pursuant to such offers. With respect to
the 2008 Notes, an aggregate principal amount of $87,395,000 were
tendered and accepted for purchase, and with respect to the 2012
Notes, an aggregate principal amount of $112,932,000 were tendered
and accepted for purchase. Each holder of $1,000 principal amount
of the 2008 Notes will receive an aggregate cash payment of
approximately $1,008.29, plus accrued and unpaid interest, and each
holder of $1,000 principal amount of the 2012 Notes will receive an
aggregate cash payment of approximately $1,024.84, plus accrued and
unpaid interest. Notes tendered with consents on or before 5:00
p.m., New York City time, on November 21, 2006 will also receive a
consent payment of $30 per $1,000 principal amount of such Notes.
JLG made the tender offers as required by the Agreement and Plan of
Merger dated October 15, 2006, by and among JLG, Oshkosh Truck
Corporation (�Oshkosh�) and Steel Acquisition Corp., a wholly-owned
subsidiary of Oshkosh. The depositary for the offers was The Bank
of New York. The dealer managers for the offers and consent
solicitation agents for the consent solicitations were J.P. Morgan
Securities Inc. ((212) 270-3994, call collect) and Banc of America
Securities LLC ((704) 388-9217, call collect). JLG Industries, Inc.
is the world�s leading producer of access equipment (aerial work
platforms and telehandlers). JLG�s diverse product portfolio
encompasses leading brands such as JLG� aerial work platforms; JLG,
SkyTrak�, Lull� and Gradall� telehandlers; and an array of
complementary accessories that increase the versatility and
efficiency of these products for end users. JLG markets its
products and services through a multichannel approach that includes
a highly trained sales force and utilizes a broad range of
marketing techniques, integrated supply programs and a network of
distributors in the industrial, commercial, institutional and
construction markets. In addition, JLG offers world-class
after-sales service and support for its customers. JLG�s
manufacturing facilities are located in the United States, Belgium,
and France, with sales and service operations on six continents.
This press release is for informational purposes only and does not
constitute an offer to buy or the solicitation of an offer to sell
JLG�s 8 1/4% senior notes due 2008 or its 8 3/8% senior
subordinated notes due 2012. The offers and the consent
solicitations were made only pursuant to the offer to purchase and
consent solicitation statement, letter of transmittal and consent
and related materials that JLG distributed to noteholders. NOTE:
Information contained on our website is not incorporated by
reference into this press release.
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