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Accuride Corporation Confirms Limited Exposure to Lehman Brothers Affiliate


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EVANSVILLE, Ind., Sept. 18, 2008 - Today, Accuride Corporation confirmed that Lehman Commercial Paper Inc. currently represents 19 percent of Accuride’s undrawn $125 million revolving credit facility.

Parent company of Lehman Commercial Paper Inc., Lehman Brothers Holdings Inc. (LEH) filed for bankruptcy protection on Monday, September 15, 2008.

Accuride does not believe the impact of the bankruptcy, which could range from $0 to $24 million in reduced availability under the credit facility, will be material to its overall liquidity position. Cash flow from operations and the balance of the undrawn revolver are expected to provide adequate liquidity going forward, even if Lehman were unable to fund its representative portion of the credit revolver. Accuride has no other exposure to Lehman Brothers or its affiliates.