Accuride calls remaining 9½% notes after tender offer

New York, Nov. 18 – Accuride Corp. will redeem all the 9½% first-priority senior secured notes due 2018 left outstanding after the completion of its tender offer, the company said on Friday.

The $74,986,000 of bonds will be redeemed on Dec. 19, according to an 8-K filing with the Securities and Exchange Commission.

As previously announced, Accuride accepted tenders for $235,014,000, or 75.81%, of the $310 million of notes in the offer to purchase.

Settlement of the tender was made on Friday.

Holders of $234,954,000 of the notes who tendered by the early deadline of 5 p.m. ET on Nov. 1 received $1,006.25 per $1,000 principal amount. Other holders received $30.00 per $1,000 principal amount less.

The tender expired at 12 a.m. ET on Nov. 16.

Accuride is repaying the notes as part of its acquisition by private equity firm Crestview Partners, a transaction which closed on Friday.

Accuride is an Evansville, Ind.-based supplier of components to the commercial vehicle industries.

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