Attached files
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8-K - FORM 8-K - American Railcar Industries, Inc. | d391941d8k.htm |
Exhibit 99.1
AMERICAN RAILCAR INDUSTRIES, INC. 100 Clark Street, St. Charles, Missouri 63301 www.americanrailcar.com |
PRESS RELEASE
FOR IMMEDIATE RELEASE: AUGUST 3, 2012 | CONTACT: | Dale C. Davies | ||||
Michael Obertop | ||||||
636.940.6000 |
AMERICAN RAILCAR INDUSTRIES, INC. ANNOUNCES PARTIAL
REDEMPTION OF ITS 7.5% SENIOR NOTES DUE 2014
St. Charles, MO, August 3, 2012 American Railcar Industries, Inc. (ARI or the Company) (NASDAQ: ARII) announced today that it has delivered notice to redeem a portion of its 7.5% senior notes due 2014 (the Notes), CUSIP No. 02916PAB9. The notice is for redemption of $100.0 million aggregate principal amount of the $275.0 million principal amount owed on the Notes. The redemption price is 101.875% of the principal amount redeemed, plus accrued and unpaid interest thereon up to, but excluding, the redemption date. The redemption date will be September 4, 2012.
This partial redemption will allow us to lower our interest payments, which will further contribute to improving our bottom line, said James Cowan, President and CEO of ARI.
About ARI
ARI is a leading North American designer and manufacturer of hopper and tank railcars. ARI leases railcars manufactured by the Company to certain markets. In addition, ARI repairs and refurbishes railcars, provides fleet management services and designs and manufactures certain railcar and industrial components. ARI provides its railcar customers with integrated solutions through a comprehensive set of high quality products and related services.
Forward Looking Statement Disclaimer
This press release contains certain forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent the Companys estimates and assumptions only as of the date of this press release. Such forward-looking statements include all statements other than statements of historical fact, and all statements regarding the partial redemption of the Notes, including statements regarding the anticipated benefits of the partial redemption. The Companys Form 10-K, as amended by Form 10-K/A, for the year ended December 31, 2011, subsequent quarterly reports on Form 10-Q and other subsequent filings with the Securities and Exchange Commission identify important risks and other factors that could cause actual results to differ materially from those contained in the Companys projections, estimates and forward-looking statements.