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Hayes Lemmerz Announces $200 Million Offering of Notes

4 December 1998

Hayes Lemmerz Announces $200 Million Offering of Senior Subordinated Notes

    ROMULUS, Mich., Dec. 4 -- Hayes Lemmerz International, Inc.
, the world's leading supplier of wheels and brake components to
the transportation industry, announced today that it has agreed to issue
$200 million in 8-1/4 percent senior-subordinated notes due 2008.
    The proceeds of these notes will be used to repay outstanding indebtedness
under Hayes Lemmerz's existing senior credit facility in anticipation of the
company's pending acquisition.
    CIBC Oppenheimer, Credit Suisse First Boston and Merrill Lynch & Co. acted
as managers for the offering, which was issued pursuant to Rule 144A.
    CMI, based in Southfield, Michigan, is a premier independent full-service
supplier of aluminum, iron, and advanced polymer components.  CMI, together
with its ownership in A-CMI, a joint venture with Alcoa, has 4,000 employees
and 13 facilities in three countries.  CMI is a world leader in casting and
machining technology and the design, engineering, and production of corner
components.  CMI's fiscal 1998 sales were $561 million.
    Hayes Lemmerz International, Inc., with annual sales of over $1.7 billion,
is the world's largest wheel manufacturer and is a 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 and South
America, Europe, and Asia.  Hayes Lemmerz International has more than
11,000 employees and 27 manufacturing facilities in 12 countries worldwide.
    For more information about Hayes Lemmerz International, please be sure to
visit the web site at http://www.hayes-lemmerz.com.