Accuride tweaks conversion offer for 7.5% senior convertibles due 2020

By Marisa Wong

Madison, Wis., Nov. 4 - Accuride Corp. said it plans to amend the previously announced conversion offer for all $145.3 million of its outstanding 7.5% senior convertible notes due 2020, which began on Oct. 22.

The company said it received feedback from holders about the terms of the offer, and thus it intends to eliminate the proposed sponsored underwritten secondary offering of common stock acquired in the conversion offer and eliminate the "lock-up" agreement covering shares of common stock issued in the offer.

The company will also extend the expiration date of the conversion offer from Nov. 19 to at least 10 business days after the amended conversion offer materials are distributed.

All other terms of the offer will remain unchanged.

American Stock Transfer & Trust Co. LLC is the conversion agent for the conversion offer, and MacKenzie Partners, Inc. (800 322-2885 or 212 929-5500) is the information agent.

Accuride manufactures commercial vehicle components and is based in Evansville, Ind.

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