Autocam Corporation Extends Exchange Offer for Its 10.875% Senior Subordinated Notes Due 2014
KENTWOOD, Mich., Nov. 16, 2004 -- Autocam Corporation today announced that the expiration date for its registered exchange offer of Autocam's outstanding $140 million of 10.875% senior subordinated notes due 2014 for Autocam's 10.875% senior subordinated notes due 2014 which have been registered under the Securities Act of 1933 has been extended until 5:00 p.m., Eastern Standard Time, on November 19, 2004, unless further extended. The exchange offer was scheduled to expire at 5:00 p.m., Eastern Standard Time, yesterday. As of today, in excess of $131.4 million of outstanding 10.875% senior subordinated notes had been tendered in the exchange offer.
This announcement is neither an offer to purchase or exchange nor a solicitation of an offer to sell or exchange any outstanding notes or new notes.
Autocam Corporation, headquartered in Kentwood, Michigan, USA is a leading designer and high-volume manufacturer of close-tolerance metal components and assemblies, primarily for performance and safety critical automotive applications. The Company has operations and manufacturing facilities in the United States, France, Brazil and China.
Statements made in this news release that state Autocam's or its management's intentions, beliefs, expectations, or predictions for the future constitute "forward looking statements" as defined by federal securities laws, which involve significant risks and uncertainties. Many risks and uncertainties are inherent in the automotive parts manufacturing industry. Others are more specific to our operations. The occurrence of the events described and the achievement of the expected results depend on many factors, some or all of which are not predictable or within our control. Actual results may differ materially from results discussed in these forward-looking statements. Among the factors that could cause actual results, performance or achievement to differ materially from those described or implied in the forward-looking statements, are, among others, risks associated with substantial indebtedness, leverage and debt service, risks relating to the performance of our business and future operating results, risks of competition in our existing and future markets, loss or retirement of key executives, risks related to the notes and to high yield securities generally, general business and economic conditions, as well as those risk factors described in our filings with the SEC.