MRO Magazine

International Wire Group, Inc. Announces Launch of Note Offering

July 11, 2016
By Business Wire News


International Wire Group, Inc. (“IWG”) announced today that it commenced an offering of $250.0millionin aggregate principal amount of Senior Secured Notes due 2021 (the “Notes”).

IWG intends to use the net proceeds of the offering, together with advances under its revolving credit facility and cash on its balance sheet, to redeem all of its outstanding Senior Secured Notes due 2017 (the “Senior 2017 Notes”) at a redemption price equal to 100% of the principal amount of the Senior 2017 Notes plus accrued and unpaid interest to, but excluding, the redemption date. The redemption is expected to occur on October 15, 2016.

The Notes have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”) or any state securities laws and may not be offered or sold in the United States or for the account or benefit of any United States citizen or in any way distributed in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The Notes will be offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States in reliance on Regulation S under the Securities Act.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the Notes and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction where the offering would not be permitted. This press release contains information about a pending transaction and there can be no assurance that this transaction will be completed.

Forward-Looking Information is Subject to Risk and Uncertainty

Certain statements in this release may constitute “forward-looking” statements. Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words “expect,” “may,” “will,” or the negative of any thereof or other variations thereof or comparable terminology, or by discussions of strategy or intentions. These statements are not guarantees of future actions or performance and involve risks, uncertainties and assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements as we may be unable to complete the offering of the Notes or the redemption of the Senior 2017 Notes. These statements are based on management’s beliefs and assumptions and on information currently available to management as of the date they were made and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Many important factors could cause our results to differ materially from those expressed in forward-looking statements. These factors include, but are not limited to, the sales by the IWG’s segments, changes in product development, maintenance or operating costs, selling, general and administrative expenses, capital expenditures, or our effective tax rate, general market conditions, national or global events affecting the capital markets, unforeseen developments in our business or industry and changes in law or regulations governing our ability to complete the offering or to redeem the Senior 2017 Notes.

About International Wire Group, Inc.

International Wire Group, Inc. is a manufacturer and marketer of wire products, including bare, silver-plated, nickel-plated and tin-plated copper wire, engineered wire products and high performance conductors for other wire suppliers, distributors and original equipment manufacturers. Its products include a broad spectrum of copper wire configurations and gauges with a variety of electrical and conductive characteristics and are utilized by a wide variety of customers primarily in the aerospace, automotive/specialty vehicles, consumer and appliance, electronics and data communications, industrial and energy and medical products industries. The Company has 18 manufacturing facilities and one distribution facility located throughout the United States, France, Italy and Poland. International Wire Group, Inc. is a wholly owned subsidiary of International Wire Group Holdings, Inc. (OTC Pink: ITWG).


International Wire Group, Inc.
Donald F. DeKay, 315-245-3800
Senior Vice-President, Chief Financial Officer and Secretary