News | Press Releases
LMI Aerospace Commences Offer to Exchange $245 Million in Senior Secured Notes
ST. LOUIS, April 27, 2015 (GLOBE NEWSWIRE) -- LMI Aerospace (Nasdaq:LMIA) ("LMI" or the "Company"), a leading supplier of structural assemblies, kits and components and provider of design engineering services to the aerospace and defense industries, has commenced an offer to exchange any and all of the $245 million aggregate principal amount of 7.375% Second-Priority Senior Secured Notes due 2019 and related guarantees that are currently outstanding (the "Original Notes"), for an equal amount of new 7.375% Second-Priority Senior Secured Notes due 2019 and related guarantees (the "Exchange Notes") registered under the Securities Act of 1933, as amended (the "Securities Act"). The terms and conditions of the exchange offer are set forth in the Company's prospectus dated April 24, 2015, and the related letter of transmittal.
The Original Notes were privately placed in June 2014. The Company is making the exchange offer to satisfy its obligations under a registration rights agreement relating to the Original Notes. In that agreement, the Company committed to use commercially reasonable efforts to consummate the exchange offer within one year of the original issue date of the Original Notes and thereby, issue new notes registered under the Securities Act. The Exchange Notes generally can be publicly traded as opposed to the Original Notes, which are subject to certain transfer restrictions. The exchange offer will not affect the Company's outstanding debt levels, as the Exchange Notes will be issued only upon cancellation of a like amount of Original Notes.
The Company will accept for exchange any and all outstanding notes validly tendered on or before 5:00 p.m., Eastern time, on May 28, 2015, unless the exchange offer is extended. The exchange offer is made only pursuant to the Company's prospectus dated April 24, 2015, filed with the Securities and Exchange Commission. The Company has not authorized any person to provide information other than as set forth in the prospectus.
Copies of the prospectus and transmittal materials governing the exchange offer can be obtained from the exchange agent, U.S. Bank National Association, by calling (800) 934-6802, by faxing a request to (651) 466-7367, or by writing via mail or overnight courier to U.S. Bank National Association, 111 Fillmore Avenue East, St. Paul, MN 55107.
This announcement is not an offer to sell any securities, nor a solicitation of any offer to buy or exchange any securities. The exchange offer is made solely pursuant to the prospectus dated April 24, 2015, including any supplements thereto.
About LMI Aerospace
LMI Aerospace, Inc. is a leading supplier of structural solutions and engineering services to the commercial, business and regional, and military aerospace markets. Manufacturing more than 40,000 products for a variety of platforms and providing turnkey engineering capabilities to support aircraft lifecycles, LMI offers complete, integrated solutions in aerostructures, engineering and program management. Based in St. Louis, LMI has 27 operations located across the United States and in Mexico, the United Kingdom, Australia and Sri Lanka. For more information visit: www.lmiaerospace.com.
CONTACT: Cliff Stebe Chief Financial Officer 636-946-6525