-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ii45XNvQVRRp2D4jQssT+1UbrGvZPbxR++JdPvHbzp3y+3IlKrAAzfCw+iPojX1e o2Gr+WpI8DufVOpqz9XiDA== 0000950137-06-011330.txt : 20061024 0000950137-06-011330.hdr.sgml : 20061024 20061024171300 ACCESSION NUMBER: 0000950137-06-011330 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20061024 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20061024 DATE AS OF CHANGE: 20061024 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NEENAH FOUNDRY CO CENTRAL INDEX KEY: 0001040599 STANDARD INDUSTRIAL CLASSIFICATION: GLASS, GLASSWARE, PRESSED OR BLOWN [3220] IRS NUMBER: 391580331 STATE OF INCORPORATION: WI FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-28751-03 FILM NUMBER: 061160872 BUSINESS ADDRESS: STREET 1: 2121 BROOKS AVE STREET 2: PO BOX 729 CITY: NEENAH STATE: WI ZIP: 54927 BUSINESS PHONE: 9207257000 MAIL ADDRESS: STREET 1: 2121 BROOKS AVE STREET 2: PO BOX 729 CITY: NEENAH STATE: WI ZIP: 54927 8-K 1 c09348e8vk.htm CURRENT REPORT e8vk
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 24, 2006
NEENAH FOUNDRY COMPANY
(Exact name of registrant as specified in its charter)
         
WISCONSIN   333-28751   39-1580331
(State or other jurisdiction of
incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)
2121 BROOKS AVENUE
P.O. BOX 729
NEENAH, WISCONSIN 54957
(Address of Principal executive offices, including Zip Code)
(920) 725-7000
(Registrant’s telephone number, including area code)
NOT APPLICABLE
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


TABLE OF CONTENTS

Item 8.01. Other Events.
Item 9.01. Financial Statements and Exhibits.
SIGNATURES
Press Release


Table of Contents

Item 8.01. Other Events.
On October 24, 2006, Neenah Foundry Company (the “Company”) issued a press release announcing the receipt of the requisite consents in connection with its previously announced tender offer and consent solicitation with respect to the Company’s 11% Senior Secured Notes due 2010 and the pricing terms of the tender offer and consent solicitation. A copy of this press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d)   Exhibits
     
Exhibit No.   Description
99.1
  Press Release, dated October 24, 2006.

 


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SIGNATURES
      Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
    NEENAH FOUNDRY COMPANY
 
       
Date: October 24, 2006
      /s/ Phillip C. Zehner
 
       
 
  Name:   Phillip C. Zehner
 
  Title:   Vice President, Assistant Secretary and Assistant Treasurer

 


Table of Contents

EXHIBIT INDEX
     
Exhibit No.   Description
99.1
  Press Release, dated October 24, 2006.

 

EX-99.1 2 c09348exv99w1.htm PRESS RELEASE exv99w1
 

(NFC LOGO)
         
For Immediate Release
  Contact:   William Barrett
 
      President & CEO
 
      (920) 725-7000
Neenah Foundry Company Announces Receipt of Requisite Consents and Pricing of Tender Offer
Neenah, WI — October 24, 2006
      Neenah Foundry Company (“Neenah”) announced today the results to date and the pricing terms of its previously announced cash tender offer and consent solicitation with respect to its 11% Senior Secured Notes due 2010 (the “Notes”).
      As of 5:00 p.m., New York City time, on October 23, 2006 (the “Consent Date”), which was the deadline for holders who desired to receive the cash consent payment to tender their Notes and deliver their consents, Neenah had received tenders and consents for $133.13 million in aggregate principal amount of the Notes, representing 100% of the outstanding Notes.
      Accordingly, the requisite consents have been received to adopt the proposed amendments to the indenture pursuant to which the Notes were issued and the related collateral documents, and Neenah intends to execute a supplemental indenture and amendments to certain of the related collateral documents to effect the proposed amendments. The proposed amendments, which will eliminate substantially all of the covenants and certain events of default in the indenture and the Notes and amend the indenture and certain related documents to subordinate the liens securing the Notes to liens securing certain new debt in addition to the liens to which the liens securing the Notes are already subordinated, will become operative when the tendered Notes are accepted for purchase by Neenah.
      The total consideration for the Notes was determined as of 10:00 a.m., New York City time, on October 24, 2006, by reference to a fixed spread of 50 basis points above the yield to maturity of the applicable U.S. Treasury security as described in the Offer to Purchase and Consent Solicitation Statement of Neenah, dated October 10, 2006 (the “Statement”). The reference yield for the Notes was 5.092%.
      The total consideration per $1,000 principal amount of Notes that were validly tendered prior to the Consent Date (the “Total Consideration”) is $1,098.93, which includes a cash consent payment of $30.00. All holders of Notes will receive accrued

 


 

and unpaid interest on their tendered Notes up to, but not including, the payment date for the tender offer and consent solicitation.
      Withdrawal and revocation rights with respect to tendered Notes and delivered consents expired as of the Consent Date. Accordingly, holders may no longer withdraw any Notes previously or hereafter tendered or revoke any consents previously or hereafter delivered, except in the limited circumstances described in the Statement.
      The tender offer and consent solicitation remains open and is scheduled to expire at 5:00 p.m., New York City time, on November 7, 2006, unless extended (the “Expiration Date”).
      The consummation of the tender offer is conditioned upon, among other things, the consummation of a financing and the availability of funds therefrom to pay the consideration described above. If any of the conditions are not satisfied, Neenah may terminate the tender offer and return tendered Notes, may waive unsatisfied conditions and accept for payment and purchase all validly tendered Notes that are not validly withdrawn prior to expiration, may extend the tender offer or may amend the tender offer.
      The complete terms and conditions of the tender offer and consent solicitation are described in the Statement and the related Consent and Letter of Transmittal, copies of which may be obtained by contacting Morrow & Co., Inc., the information agent for the tender offer and consent solicitation, at (203) 658-9400 or (800) 607-0088 (toll free).
      Questions regarding the tender offer and consent solicitation may be directed to the Dealer Managers and Solicitation Agents for the tender offer and consent solicitation: Credit Suisse Securities (USA) LLC, which may be contacted at (212) 538-0652 or (800) 820-1653 (toll free), or Banc of America Securities LLC, which may be contacted at (704) 388-9217 or (888) 292-0070 (toll-free).
      This announcement is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consents with respect to any securities. The tender offer and consent solicitation is being made solely by the Statement and the related Consent and Letter of Transmittal.
About Neenah Foundry Company
      Neenah Foundry Company manufactures and markets a wide range of iron castings and steel forgings for the heavy municipal market and selected segments of the industrial markets. Neenah is one of the largest independent foundry companies in the United States, with substantial market share in the municipal and various industrial markets for gray and ductile iron castings and forged steel products.
Forward-Looking Statements
      This press release may be viewed to contain forward-looking statements. These statements are based on Neenah Foundry Company’s current expectations and involve risks and uncertainties that could cause actual results and events to differ materially from

2


 

those described in the statements. The Company can give no assurance that its expectations will prove to be correct. Factors that could cause the Company’s results and other developments to differ materially from current expectations include material disruptions to major industries served by the Company; developments affecting the valuation or prospects of the casting and forging industries generally or the Company in particular; and other factors described or referenced in the Company’s Form 10-K for the year ended September 30, 2005 or subsequent SEC filings. Unless required by law, the Company does not undertake any obligation to update any of its forward-looking statements.

3

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