Attached files
file | filename |
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8-K - FORM 8-K - EXIDE TECHNOLOGIES | g25851e8vk.htm |
EX-4.5 - EX-4.5 - EXIDE TECHNOLOGIES | g25851exv4w5.htm |
EX-4.1 - EX-4.1 - EXIDE TECHNOLOGIES | g25851exv4w1.htm |
EX-4.3 - EX-4.3 - EXIDE TECHNOLOGIES | g25851exv4w3.htm |
EX-4.4 - EX-4.4 - EXIDE TECHNOLOGIES | g25851exv4w4.htm |
EX-10.1 - EX-10.1 - EXIDE TECHNOLOGIES | g25851exv10w1.htm |
EX-10.2 - EX-10.2 - EXIDE TECHNOLOGIES | g25851exv10w2.htm |
EX-10.4 - EX-10.4 - EXIDE TECHNOLOGIES | g25851exv10w4.htm |
EX-99.2 - EX-99.2 - EXIDE TECHNOLOGIES | g25851exv99w2.htm |
EX-10.3 - EX-10.3 - EXIDE TECHNOLOGIES | g25851exv10w3.htm |
Exhibit 99.1
NEWS RELEASE FOR IMMEDIATE RELEASE |
MEDIA CONTACT:
Susan Jaramillo
Senior Director, Communications
Exide Technologies
203/699-9133 phone
susan.jaramillo@exide.com
Senior Director, Communications
Exide Technologies
203/699-9133 phone
susan.jaramillo@exide.com
INVESTOR CONTACT:
Carol Knies
Senior Director of Investor Relations
Exide Technologies
678/566-9316 phone
carol.knies@exide.com
Senior Director of Investor Relations
Exide Technologies
678/566-9316 phone
carol.knies@exide.com
Exide Technologies Announces Closing
of $675 Million Senior Secured Notes Offering
of $675 Million Senior Secured Notes Offering
Milton, Georgia January 25, 2011 Exide Technologies (NASDAQ: XIDE), a global leader in stored
electrical energy solutions, today announced the closing of its previously announced private
placement of $675 million in aggregate principal amount of
8⅝% senior secured notes due 2018 (the
Notes). The Company also announced its entry into a new $200 million senior secured asset-based
revolving credit facility concurrently with the completion of the offering.
The Company applied a portion of the net proceeds from the offering of Notes (i) to repay
outstanding borrowings under the Companys existing credit facilities; (ii) to fund the tender
offer and consent solicitation of its outstanding 10.5% senior notes due 2013; and (iii) to
discharge and thereafter redeem any and all of the Notes that may remain outstanding after the
consummation of the tender offer and the consent solicitation. The Company intends to use the
remaining net proceeds from the offering of Notes for ongoing working capital and other general
corporate purposes.
The Notes have not been registered under the Securities Act of 1933 (the Act) or the securities
laws of any other jurisdiction and may not be offered or sold in the United States absent
registration or an applicable exemption therefrom. The Notes will be offered only to qualified
institutional buyers in reliance Rule 144A under the Act and to certain non-US persons outside the
United States in reliance on Regulation S under the Act.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the
Notes, nor shall there be any offer, solicitation or sale of any Notes in any jurisdiction in which
such offer, solicitation or sale would be unlawful. This release is being issued pursuant to and
in accordance with Rule 135c under the Act.
Forward-Looking Statements
Except for historical information, this news release may be deemed to contain forward-looking
statements. The Company is including this cautionary statement for the express purpose of availing
itself of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are not statements of historical fact, and may include, among
other things, statements regarding the use of proceeds received by the Company from the Notes and
other future events. Actual results are subject to a number of risks and uncertainties and may
differ materially from the current expectations and beliefs discussed in this press release.
Factors that could cause actual results to differ materially from these forward looking statements
include, but are not limited to, various other uncertainties associated with the industries in
which the Company operates and the Companys operations described in the Companys annual report on
Form 10-K filed with the Securities and Exchange Commission on June 2, 2010 and its other periodic
reports filed from time to time thereafter.
The Company cautions each reader of this news release to carefully consider those factors set forth
above. Such factors have, in some instances, affected and in the future could affect the ability
of the Company to achieve its projected results and may cause actual results to differ materially
from those expressed herein.