Xerium Announces Closing of Exchange Offer to Exchange Its Unregistered 9.500% Senior Secured Notes Issued in August 2016 for...
27 January 2017 - 9:19AM
Business Wire
Xerium Technologies, Inc. (NYSE:XRM), a leading global provider
of industrial consumable products and services, today announced the
closing of its exchange offer to exchange $479.5 million aggregate
principal amount of its outstanding 9.500% Senior Secured Notes due
2021 (“old notes”) for a like principal amount of 9.500% Senior
Secured Notes due 2021 (“new notes”) that have been registered
under the Securities Act of 1933, as amended (the “Securities
Act”).
The new notes are identical in all material respects to the
outstanding old notes, except that the new notes are registered
under the Securities Act, generally are not subject to transfer
restriction, are not entitled to registration rights or related
provisions relating to additional interest applicable to the old
notes and bear a different CUSIP or ISIN number from the old notes.
Like the old notes, the new notes are guaranteed on a senior
secured basis by each of the Company's direct and indirect
wholly-owned subsidiaries (other than those that are securitization
subsidiaries or immaterial subsidiaries) existing as of the issue
date of the old notes. The Company did not receive any proceeds
upon the consummation of the exchange offer.
This press release is for informational purposes only and does
not constitute an offer to sell or the solicitation of an offer to
buy the new notes or any other securities.
ABOUT XERIUM TECHNOLOGIES, INC.
Xerium is a leading global provider of industrial consumable
products and services. Xerium, which operates around the world
under a variety of brand names, utilizes a broad portfolio of
patented and proprietary technologies to provide customers with
tailored solutions and products integral to production, all
designed to optimize performance and reduce operational costs. With
28 manufacturing facilities in 13 countries around the world,
Xerium has approximately 2,900 employees.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements. The
words “will”, “believe,” “estimate,” “expect,” “intend,”
“anticipate,” “goals,” variations of such words, and similar
expressions identify forward-looking statements, but their absence
does not mean that the statement is not forward-looking.
Forward-looking statements are not guarantees of future
performance, and actual results may vary materially from the
results expressed or implied in such statements. Differences may
result from actions taken by us, as well as from risks and
uncertainties beyond our control. These risks and uncertainties
include the risks and uncertainties discussed elsewhere in this
press release, our Form 10-K for the year ended December 31, 2015
filed on March 14, 2016, our Form 10-Q for the quarter ended
September 30, 2016 filed on October 27, 2016 and our other SEC
filings. If any of these risks or uncertainties materialize, or if
our underlying assumptions prove to be incorrect, actual results
may vary significantly from what we projected. Any forward-looking
statement in this press release reflects our current views with
respect to future events. Except as required by law, we assume no
obligation to publicly update or revise these forward-looking
statements for any reason, whether as a result of new information,
future events, or otherwise. We are subject to substantial risks
and uncertainties related to current economic conditions, and we
encourage investors to refer to our SEC filings for additional
information.
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version on businesswire.com: http://www.businesswire.com/news/home/20170126006281/en/
Xerium Technologies, Inc.Clifford Pietrafitta,
919-526-1403Cliff.Pietrafitta@xerium.com
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