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Standard Motor Products, Inc. Closes Convertible Subordinated Debenture Offering

27 July 1999

Standard Motor Products, Inc. Closes Convertible Subordinated Debenture Offering

    NEW YORK, July 26 -- Standard Motor Products, Inc.
, automotive replacement parts manufacturer and distributor,
announced today that they have closed a registered offering of 6-3/4%
Convertible Subordinated Debentures Due 2009 in the aggregate principal amount
of $90,000,000.
    Goldman, Sachs & Co. and Morgan Stanley Dean Witter were the underwriters
for the offering.
    Proceeds from the sale of the Convertible Subordinated Debentures will be
applied to repaying a portion of Standard Motor Products' outstanding
indebtedness, the purchase of minority interests in certain subsidiaries, and
the repurchase of shares of common stock for use in connection with employee
benefit plans, with the balance being available for general corporate
purposes, including future acquisitions.