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Viasystems Files for Public Offering of Common Stock

28 September 2000

Viasystems Group, Inc. Files for Public Offering of 17 Million Shares of Common Stock

    ST. LOUIS--Sept. 28, 2000--Viasystems Group, Inc. today announced that it has filed a registration statement for the sale of up to 17,000,000 shares of common stock by Viasystems. In addition, the company has granted the underwriters an option to purchase up to an additional 2,550,000 shares solely to cover over-allotments. The net proceeds are expected to be used to repay indebtedness expected to be incurred to fund the acquisition of Lucent Technologies' Global Provisioning Center in Rouen, France, for possible future acquisitions and for general corporate purposes.
    Morgan Stanley Dean Witter, Credit Suisse First Boston and Chase H&Q will act as joint-lead managers and Banc of America Securities LLC will act as co-manager for the offering.
    A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may any offers to buy be accepted prior to the time the registration statement becomes effective.