EnPro Industries Announces Exchange Offer for 5.875% Senior Notes Due 2022
Resource from: EnPro Industries, Inc. Likes:224
May 14,2015
CHARLOTTE, N.C.--(BUSINESS WIRE)--
EnPro Industries, Inc. (NPO) announced today that it has commenced an offer to exchange up to $300 million of 5.875% Senior Notes due 2022 (the “New Notes”), which have been registered under the Securities Act of 1933, as amended, for its outstanding unregistered 5.875% Senior Notes due 2022 (the “Original Notes”) (CUSIP Nos. 29355X AC1 and U29300 AA5).
The exchange offer is being conducted to satisfy the Company’s obligations under the terms of registration rights agreement entered into in connection with the sale of the Original Notes completed on September 16, 2014 and does not represent a new financing transaction. The Company will not receive any proceeds from the exchange offer. The terms of the New Notes are substantially identical to those of the Original Notes, except that certain transfer restrictions, registration rights and additional interest provisions related to the registration rights applicable to the Original Notes do not apply to the New Notes.
The exchange offer will expire at 5:00 p.m., New York City time, on Thursday, June 11, 2015 (the “expiration time”), unless it is extended or terminated. Holders must tender their Original Notes on or prior to the expiration time if they wish to participate in the exchange offer. Tenders of Original Notes may be validly withdrawn at any time on or prior to the expiration time.
Documents describing the terms of the exchange offer, including the prospectus and transmittal materials for making tenders, can be obtained from the exchange agent, U.S. Bank National Association, by calling (800) 934-6802.
This news release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any securities of EnPro Industries, Inc. The exchange offer is being made only pursuant to the exchange offer documents, including the prospectus and the letter of transmittal that are being distributed to holders of the Original Notes and have been filed with the Securities and Exchange Commission.
About EnPro Industries
EnPro Industries, Inc. is a leader in sealing products, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other engineered products for use in critical applications by industries worldwide. For more information about EnPro, visit the company’s website at http://www.enproindustries.com.
(EnPro Industries, Inc.)
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