Amsted Industries begins tender offer for 5 3/8% notes due 2024

By Marisa Wong

Los Angeles, Dec. 9 – Amsted Industries Inc. said it has begun a cash tender offer for any and all of its outstanding 5 3/8% senior notes due 2024.

The offer will expire at 5 p.m. ET on Dec. 13.

The company is offering a total consideration of $1,029.38 per $1,000 principal amount of notes. The tender consideration includes accrued interest from the most recent interest payment date up to but excluding the payment date, which is expected to be Dec. 16.

Tenders may be withdrawn at any time prior to the expiration time.

The tender offer is conditioned on Amsted having available funds, including gross proceeds of at least $300 million from a debt financing transaction, in an amount sufficient to pay the tender offer consideration for all outstanding notes in the tender offer.

Amsted said it intends to redeem any notes that remain outstanding after the tender offer.

Wells Fargo Securities, LLC (866 309-6316 or 704 410-4759) is dealer manager for the tender offer.

D.F. King & Co., Inc. (amsted@dfking.com, 866 207-2324 or 212 709-3328, www.dfking.com/amsted) is the tender agent and information agent.

Amsted is a Chicago-based manufacturer of industrial components primarily for the railroad, vehicular and construction markets.

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