TriMas Announces Launch of Debt Offering
March 15 2021 - 7:36AM
Business Wire
TriMas Corporation (“TriMas”) (NASDAQ: TRS) today announced that
it has initiated an offering, subject to market conditions, of $350
million in aggregate principal amount of senior unsecured notes due
2029 (the “Notes”) in an offering exempt from the registration
requirements of the Securities Act of 1933, as amended (the
“Securities Act”).
TriMas intends to use a portion of the net proceeds from the
Notes offering to redeem all of its outstanding 4.875% senior
unsecured notes due 2025 (the “Existing 2025 Notes”). Any remaining
net proceeds will be used for general corporate purposes.
The Notes are being offered only to persons reasonably believed
to be qualified institutional buyers in reliance on Rule 144A under
the Securities Act and to certain non-U.S. persons outside of the
United States pursuant to Regulation S under the Securities Act.
The Notes to be offered have not been registered under the
Securities Act or any state securities laws and may not be offered
or sold in the United States absent registration or an applicable
exemption from registration requirements.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy such Notes nor shall it constitute
an offer, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale is unlawful. This press release also
does not constitute a notice of redemption with respect to the
Existing 2025 Notes.
Notice Regarding Forward-Looking
Statements
Any "forward-looking" statements, within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, contained herein, including those relating to
TriMas’ business, financial condition or future results, involve
risks and uncertainties with respect to, including, but not limited
to: the severity and duration of the ongoing coronavirus
(“COVID-19”) pandemic on our operations, customers and suppliers,
as well as related actions taken by governmental authorities and
other third parties in response, each of which is uncertain,
rapidly changing and difficult to predict; general economic and
currency conditions; material and energy costs; risks and
uncertainties associated with intangible assets, including goodwill
or other intangible asset impairment charges; competitive factors;
future trends; our ability to realize our business strategies; our
ability to identify attractive acquisition candidates, successfully
integrate acquired operations or realize the intended benefits of
such acquisitions; information technology and other cyber-related
risks; the performance of our subcontractors and suppliers; supply
constraints; market demand; intellectual property factors;
litigation; government and regulatory actions, including, without
limitation, climate change legislation and other environmental
regulations, as well as the impact of tariffs, quotas and
surcharges; our leverage; liabilities imposed by our debt
instruments; labor disputes; changes to fiscal and tax policies;
contingent liabilities relating to acquisition activities; the
disruption of operations from catastrophic or extraordinary events,
including natural disasters and public health crises; the potential
impact of Brexit; our future prospects; and other risks that are
detailed in the Company's Annual Report on Form 10-K for the fiscal
year ended December 31, 2020. These risks and uncertainties may
cause actual results to differ materially from those indicated by
the forward-looking statements. All forward-looking statements made
herein are based on information currently available, and the
Company assumes no obligation to update any forward-looking
statements, except as required by law.
About TriMas
TriMas is a global manufacturer and provider of products for
customers predominantly in the consumer products, aerospace and
industrial end markets, with approximately 3,200 dedicated
employees in 11 countries. We provide customers with a wide range
of innovative and quality product solutions through our
market-leading businesses. Our TriMas family of businesses has
strong brand names in the markets served, and operates under a
common set of values and strategic priorities under the TriMas
Business Model. TriMas is publicly traded on the NASDAQ under the
ticker symbol “TRS,” and is headquartered in Bloomfield Hills,
Michigan.
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version on businesswire.com: https://www.businesswire.com/news/home/20210315005384/en/
Sherry Lauderback VP, Investor Relations & Communications
(248) 631-5506 sherrylauderback@trimascorp.com
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