Mark IV Emerges from Chapter 11; Closes on New $145 Million Credit Facility

AMHERST, N.Y., Nov. 13, 2009 -- Mark IV Industries, Inc. announced today that it has emerged from Chapter 11 as a newly reorganized company, eliminating approximately $750 million in debt and liabilities.

In conjunction with its emergence from Chapter 11, Mark IV has successfully executed an exit financing package consisting of $145 million in term loan credit facilities as well as a $50 million asset backed revolving loan. This exit financing package provides Mark IV with more than adequate working capital and liquidity to execute its business plan.

"Just over six months of filing for Chapter 11 we were able to significantly de-lever the Company's balance sheet, establish a credit facility to support our working capital and liquidity needs, and emerge from Chapter 11 with the flexibility to pursue ongoing strategic initiatives," said Co-Chief Executive Officer of Mark IV, Jim Orchard.

"Our expeditious restructuring is a testament to our devoted employees, dedicated customers and suppliers and the strong relationship we have with our lenders," Co-Chief Executive Officer and Chief Financial Officer Mark Barberio added.

The Company noted that throughout its Chapter 11 restructuring it was able to maintain its traditional level of investment and engineering funding for the development of green, fuel efficient, and competitive solutions for engine management. Mark IV also continued to invest millions each year in research and development in its transportation segment products engineered and manufactured by Mark IV's Intelligent Vehicle Highway Systems (IVHS) and Mark IV's Information Display Systems (IDS).

"Now with our significantly de-levered balance sheet we have the flexibility and resources to develop and deliver innovative products to the benefit of our customers worldwide," said Mr. Orchard.

The Company also noted that during the Company's Chapter 11 restructuring, it met all its customers supply needs without interruption. More importantly, unlike many other companies in the automotive supply sector, Mark IV was able to achieve all of its restructuring goals without the need for special assistance from its customers.

"During this process, Mark IV met or exceeded all financial targets essential to our lenders and creditors. I believe that everyone at the Company is energized and excited to continue this success as we begin operating outside of Chapter 11," Mr. Barberio concluded.

About Mark IV

Mark IV Industries, Inc., headquartered in Amherst, New York, USA (www.mark-iv.com) is a privately held leading global diversified manufacturer of highly engineered systems and components for vehicles, transportation infrastructure and equipment. The company's systems and components are designed to promote a cleaner and safer environment and include power transmission, air admission and cooling, advanced radio frequency, and information display and lighting technologies. The company has a geographically diverse innovation, marketing and manufacturing footprint.