Hayes Lemmerz International, Inc. Completes Exchange Offer For 9-1/8% Senior Subordinated Notes
28 October 1997
Hayes Lemmerz International, Inc. Completes Exchange Offer For 9-1/8% Senior Subordinated NotesROMULUS, Mich., Oct. 28 -- Hayes Lemmerz International, Inc. announced that its offer to exchange all of its outstanding 9-1/8 percent Senior Subordinated Notes due 2007 for 9-1/8 percent Series B Senior Subordinated Notes due 2007, which have been registered under the Securities Act, expired at 5 p.m. New York City time on October 24, 1997. According to The Bank of New York, the exchange agent, all of the $400 million principal amount of notes outstanding had been tendered in response to the exchange offer. Hayes Lemmerz International, with annual sales of over $1.4 billion, is the world's largest wheel manufacturer and is a world leader in the design, engineering and manufacture of steel and aluminum wheels and brake drums and rotors for the automotive and commercial highway markets in North America, Europe and Asia. SOURCE Hayes Lemmerz International, Inc.