Hayes Lemmerz International (MM) (NASDAQ:HAYZ)
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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/