UCI Holdings defers interest on 8 5/8% notes, is in talks with holders

By Susanna Moon

Chicago, Feb. 16 – UCI Holdings Ltd. said wholly owned subsidiaries UCI International LLC and UCI Acquisition Holdings (No.3) Corp. have elected to exercise the 30-day grace period for the $17.25 million interest payment due on the 8 5/8% senior secured notes.

UCI is holding discussions with representatives of some of the noteholders, according to a company press release.

The company said it has enough liquidity to meet its obligations to employees, customers and suppliers during the grace period.

UCI is an Evansville, Ind.-based supplier to the light- and heavy-duty vehicle aftermarket for replacement parts, including filtration, fuel delivery systems, vehicle electronics and cooling systems products.

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