Quanex Corporation Announces Filing of Registration Statement Relating to Its Convertible Debentures
July 07 2004 - 10:53AM
PR Newswire (US)
Quanex Corporation Announces Filing of Registration Statement
Relating to Its Convertible Debentures HOUSTON, July 7
/PRNewswire-FirstCall/ -- Quanex Corporation (NYSE:NX) announced
today that it has filed a registration statement on Form S-3 with
the Securities and Exchange Commission (SEC) to register for resale
its 2.50% Convertible Senior Debentures due 2034, and any shares of
Quanex common stock issuable upon conversion of the debentures.
Quanex previously announced on May 11, 2004, an aggregate principal
amount of $125 million of debentures was issued and sold in a
private placement and in Rule 144A transactions in May 2004. Upon
effectiveness, the selling securityholders listed in the prospectus
contained in the registration statement may use the prospectus
relating to the registration statement from time to time to resell
their debentures and any shares of Quanex common stock issuable
upon conversion of the debentures. Quanex will not receive any
proceeds from the sale of the debentures or any shares of Quanex
common stock issuable upon conversion of the debentures. While the
registration statement relating to these debentures and shares of
Quanex common stock issuable upon conversion of the debentures has
been filed with the SEC, the registration statement has not yet
become effective. These securities may not be sold nor may offers
to buy be accepted prior to the time the registration statement
becomes effective except in reliance on an applicable exemption
from the registration requirements of the Securities Act. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of such state. Quanex is an industry leading
manufacturer of value-added engineered materials and components for
the vehicular products and building products markets. The company
was founded in 1927 and its stock is listed on the New York Stock
Exchange under the symbol NX. For further information visit the
Company's website at http://www.quanex.com/ . Contact: Jeff Galow,
713-877-5327 http://www.newscom.com/cgi-bin/prnh/20010522/DATU048
http://www.newscom.com/cgi-bin/prnh/20031231/QUANEXLOGO
http://photoarchive.ap.org/ DATASOURCE: Quanex Corporation CONTACT:
Jeff Galow of Quanex Corporation, +1-713-877-5327 Web site:
http://www.quanex.com/
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