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Stackpole International Issues Add-On Financing of Senior Secured Notes

January 22, 2014

Stackpole International announced that it has issued US$ 22,500,000 principal amount of 7.75 percent Senior Secured Notes due 2021. According to a release, the Company previously issued US$ 360,000,000 principal amount of 7.75 percent Senior Secured Noted due 2021 (the "Exist ing Notes") on, 2013. The New Notes are immediately fungible with the Existing Notes, and have been issued on identical terms under the indenture governing the Existing Notes. The New Notes were sold at a premium of 103.25 percent, to raise gross proceeds of US$ 23,231,250 . Proceeds will be used for general corporate purposes and to pay transaction costs. The offering was managed by Nomura Securities International, Inc. , Morgan Stanley & Co. , RBC Capital Markets ,, UBS Securities and FBR Capital Markets & Co. The notes and related guarantees have been offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended, or, outside the United States , to persons other than "U.S. persons" in compliance with Regulation S under the Securities Act. The notes and related guarantees have not been registered under the Securities Act or the securities laws of Canada or of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. Stackpole International is a supplier to automotive original equipment manufacturers and tier 1 suppliers of critical, highly engineered transmission and engine oil pumps and powder metal components for automotive powertrains. More information: ((Comments on this story may be sent to ))

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