Accuride (ACW) Ratings Placed on Watch for Upgrade by S&P
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Accuride Corporation Announces Commencement of Tender Offer and Consent Solicitation for Cash for Any and All of Its 9.5% First Priority Senior Secured Notes Due 2018
October 19, 2016 4:30 PM EDTEVANSVILLE, Ind.--(BUSINESS WIRE)-- Accuride Corporation (Accuride or the Company) (NYSE: ACW) a leading supplier of components to the North American and European commercial vehicle industries today announced that it has commenced a cash tender offer (the Tender Offer) for any and all its outstanding $310.0 million aggregate principal amount of 9.5% First Priority Senior Secured Notes due 2018 (the Notes). In connection with the Tender Offer, Accuride is also soliciting consents (the Consents) from the holders of the Notes to amend the indenture under which the Notes were issued (the Consent Solicitation). Full details of the terms and conditions of... More
