Proceeds from borrowings under the amended and restated facilities were used to refinance the Company’s existing $125 million Senior Secured Revolving Credit Facility and $218 million Senior Secured Term Loan B and to pay fees and expenses related thereto.In addition, pursuant to the Company’s previously announced tender offer and consent solicitation, $176.5 million aggregate principal amount, representing 88.3% of the aggregate principal amount outstanding, of the Company’s 9.75% Senior Secured Notes due 2017 had been tendered along with the related consents. TriMas has accepted for payment, and has paid for with borrowings under the amended and restated facilities, all such Notes validly tendered. The tender offer will expire at 12:00 midnight, New York City time, on October 17, 2012, unless extended (such date and time, the “Expiration Date”), and the Company will accept for payment and pay for all Notes validly tendered prior to the Expiration Date. TriMas intends to redeem all of the outstanding Notes not tendered in the tender offer. The redemption date of the Notes is scheduled to occur on November 17, 2012. As a result, no Notes will remain outstanding following the redemption. Cautionary Notice Regarding Forward-looking Statements Any “forward-looking” statements contained herein, including those relating to market conditions or the Company’s financial condition and results, expense reductions, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including, but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company’s business and industry, the Company’s substantial leverage, liabilities imposed by the Company’s debt instruments, market demand, competitive factors, supply constraints, material and energy costs, technology factors, litigation, government and regulatory actions, the Company’s accounting policies, future trends, and other risks which are detailed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2011, and in the Company’s Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.
About TriMasHeadquartered in Bloomfield Hills, Michigan, TriMas Corporation (NASDAQ: TRS) provides engineered and applied products for growing markets worldwide. TriMas is organized into six reportable segments: Packaging, Energy, Aerospace & Defense, Engineered Components, Cequent Asia Pacific and Cequent North America. TriMas has approximately 4,500 employees at more than 60 different facilities in 17 countries. For more information, visit www.trimascorp.com.