Xerium Technologies, Inc. (NYSE: XRM) today announced that it has priced its private offering of $240 million aggregate principal amount of senior unsecured notes due 2018 (the “Notes”). The Notes will be sold to investors at a price of 100% of the principal amount thereof and will bear interest at a rate equal to 8.875% per annum. The offering is expected to close on May 26, 2011, subject to customary closing conditions. The Notes will be the senior unsecured obligations of Xerium and will be guaranteed on a senior unsecured basis by all of Xerium’s direct and indirect wholly-owned domestic subsidiaries. The net proceeds of this offering, along with the borrowings under a new senior secured credit facility and cash on hand, will be used to refinance all of Xerium’s outstanding indebtedness under its existing credit facilities. The Notes have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction. Unless they are registered, the Notes may be offered only in transactions that are exempt from registration under the Securities Act or the securities laws of any other jurisdiction. Accordingly, the Notes are being offered and sold in the United States only to qualified institutional buyers and outside the United States to non-U.S. persons in compliance with Regulation S. This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities that may be offered as part of the refinancing transaction, nor shall there be any sales of such securities in any jurisdiction in which such an offer or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Xerium Technologies Xerium Technologies, Inc. (NYSE: XRM) is a leading global manufacturer and supplier of two types of consumable products used primarily in the production of paper-clothing and roll covers. The Company, which operates around the world under a variety of brand names, utilizes a broad portfolio of patented and proprietary technologies to provide customers with tailored solutions and products integral to production, all designed to optimize performance and reduce operational costs. With 31 manufacturing facilities in 14 countries around the world, Xerium has approximately 3,400 employees.