Accuride Corporation Announces Early Results Of Tender Offer And Consent Solicitation For Cash For Any And All Of Its 9.5% First Priority Senior Secured Notes Due 2018

Accuride Corporation ("Accuride" or the "Company") (NYSE:ACW) - a leading supplier of components to the North American and European commercial vehicle industries - today announced that, in connection with its previously announced cash tender offer (the "Tender Offer") for any and all of its outstanding $310.0 million aggregate principal amount of 9.5% First Priority Senior Secured Notes due 2018 (the "Notes") and consent solicitation to amend the indenture under which the Notes were issued (the "Consent Solicitation"), it had received, as of 5:00 p.m., New York City time, on November 1, 2016 (the "Early Tender Deadline"), as reported by Global Bondholder Services Corporation, valid tenders and consents from holders of $234,954,000 in aggregate principal amount of the Notes, which represents approximately 75.8% of the outstanding aggregate principal amount of the Notes (CUSIP No. 00439TAE7). Full details of the terms and conditions of the Tender Offer and Consent Solicitation are set forth in Accuride's Offer to Purchase and Consent Solicitation Statement (the "Offer to Purchase"), dated October 19, 2016.

The Tender Offer is scheduled to expire at 12:00 Midnight, New York City time, at the end of the day on November 16, 2016, unless such deadline is extended or earlier terminated by the Company in its sole discretion (such time and date, as the same may be extended, the "Expiration Time"). Withdrawal rights for the tender offer and consent solicitation expired at 5:00 p.m., New York City time, on November 1, 2016 (the "Withdrawal Deadline"). Tenders of Notes may not be withdrawn after the Withdrawal Deadline, unless required by applicable law.

The consents received from holders of Notes (the "Consents") exceeded the amount needed to adopt the proposed amendments to the indenture dated July 29, 2010 governing the Notes (the "Indenture"). Accordingly, the Company executed a supplemental indenture to the Indenture (the "Supplemental Indenture") that, among other things, eliminates substantially all of the restrictive covenants (other than, among other covenants, the covenant to pay interest and premium, if any, on and principal of, the Notes when due) and certain events of default applicable to the Notes (the "Proposed Amendments"). Pursuant to the terms of the Supplemental Indenture, the Proposed Amendments will become operative only upon the purchase by the Company of at least a majority in principal amount of the outstanding Notes on the Payment Date (as defined below) pursuant to the Tender Offer.

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