TriMas begins tender offer, consent bid for 9 7/8% notes due 2012

By Susanna Moon

Chicago, Dec. 15 - TriMas Corp. said it launched a cash tender offer and consent solicitation for its $256,537,000 outstanding 9 7/8% senior subordinated notes due 2012.

TriMas said it will pay $1,020.25 for each $1,000 principal amount of notes tendered by 5 p.m. ET on Dec. 28, the consent date.

The total payment includes a $50.00 fee per note tendered by the consent date.

The tender offer will expire at 11:59 p.m. ET on Jan. 12.

TriMas also is soliciting consents from holders to amend the notes to eliminate substantially all of the material restrictive covenants and events of default.

The completion of the tender offer is conditioned on sufficient proceeds from new debt financing and from cash on hand to fund the purchase, tenders from a majority of noteholders by the consent date and the execution of a supplemental indenture implementing the proposed amendments.

Credit Suisse Securities (USA), LLC (800 820-1653 or collect 212 538-1862) is dealer manager and solicitation agent.

Requests for copies of the tender offer documents may be directed to MacKenzie Partners, Inc. (800 322-2885 or collect 212 929-5500).

TriMas is a Bloomfield Hills, Mich., provider of engineered and applied products.

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