-----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, Fd45sM1Mkbjq3LqC4++8lXXTO6zNbdlZSMJKWnTXv7GTGUSs5B0CoJsFuPc2ZHZN mf9cEItl5QJLikOJDaHyug== 0001104659-03-012367.txt : 20030616 0001104659-03-012367.hdr.sgml : 20030616 20030616150544 ACCESSION NUMBER: 0001104659-03-012367 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030616 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030616 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ACCURIDE CORP CENTRAL INDEX KEY: 0000817979 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 611109077 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-15435 FILM NUMBER: 03745443 BUSINESS ADDRESS: STREET 1: ACCURIDE STREET 2: 7140 OFFICE CIRCLE CITY: EVANSVILLE STATE: IN ZIP: 47715 BUSINESS PHONE: 8129625000 8-K 1 j2061_8k.htm 8-K

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  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): June 16, 2003 (June 16, 2003)

 

ACCURIDE CORPORATION

(Exact Name of Registrant as Specified in Charter)

 

Delaware

 

333-50239

 

61-1109077

(State or Other Jurisdiction
of Incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

 

 

 

 

7140 Office Circle, Evansville, IN

 

47715

(Address of Principal Executive Offices)

 

(Zip Code)

 

 

 

Registrant’s telephone number, including area code (812) 962-5000

 

 

 

Item 5.  Other Events

 

On June 16, 2003, Accuride Corporation announced the completion of the amendment and restatement of its senior secured bank credit agreement.

 

The press release issued by Accuride regarding this matter is filed as Exhibit 99.1 to this Current Report.

 

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits

 

(c)                                  Exhibits

 

99.1                           Press Release of Accuride Corporation, dated June 16, 2003.

 

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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.

 

 

 

ACCURIDE COPORATION

 

 

 

 

Date:

June 16, 2003

By:

/s/ John R. Murphy

 

 

 

 

John R. Murphy

 

 

 

Executive Vice President-Finance
and Chief Financial Officer

 

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 EX-99.1 3 j2061_ex99d1.htm EX-99.1

Exhibit 99.1

 

Contact: Deepak Chaudhry

Phone: (812) 962-5095

 

FOR IMMEDIATE RELEASE

 

Accuride Corporation Completes Amendment of Senior Credit Facilities

 

EVANSVILLE, Ind. – June 16, 2003 – Accuride Corporation is pleased to announce the completion of the amendment and restatement of its senior secured bank credit agreement.  As part of the amendment, the company refinanced certain existing bank facilities with significant near-term amortization requirements.  Citigroup Global Markets Inc. and Lehman Brothers Inc. jointly arranged for the company a new three-year $66 million revolving credit facility and a new four-year $180 million 2nd lien term loan facility.  Deutsche Bank Trust Company Americas is the documentation agent.  The proceeds of the new facilities will be used to refinance the existing revolving credit facility, term loan A and term loan B.  As part of this amendment, the existing term loan C will remain outstanding.  In addition, the company’s financial covenants were adjusted to provide greater flexibility.

 

The amendment materially improves the company’s total liquidity to over $70 million estimated at close with $41 million of unused revolver capacity, a deferral of principal maturities to 2006 and beyond and a minimization of amortizations to $2 million per year in 2004-2005.

 

“We are very pleased with the results of our refinancing.  It paves the way for the successful execution of our business plan.  We anticipate that our revised capital structure will not only provide the tolerance to deal with the current industry downturn but also provide the flexibility for the future upturn that we are now just beginning to see,” said John Murphy, Accuride’s Executive Vice President and Chief Financial Officer.

 

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Accuride Corporation

June 16, 2003

 

Accuride Corporation is North America’s largest manufacturer and supplier of wheels for heavy/medium trucks and trailers.  The Company offers the broadest product line in the North American heavy/medium wheel industry and is the only North American manufacturer and supplier of both steel and forged aluminum heavy/medium wheels.  Accuride Corporation also produces wheels for buses, commercial light trucks, pick-up trucks, sport utility vehicles, and vans.  Accuride Corporation has steel wheel operations in Henderson, Kentucky; London, Ontario, Canada; and in Monterrey, Mexico.  Accuride has aluminum wheel operations in Erie, Pennsylvania, and Cuyahoga Falls, Ohio.  Additionally, the Company produces tire molds at its Erie, Pennsylvania, facility.  Accuride is also involved in a commercial tire and wheel assembly joint venture in Springfield, Ohio. For more information, visit Accuride’s website at http://www.accuridecorp.com.

 

Statements contained in this news release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s expectations, hopes, beliefs, anticipations and intentions on strategies regarding the future. It is important to note that the Company’s actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including but not limited to general economic, business and financing conditions, labor relations, governmental action, competitor pricing activity, expense volatility and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings. Accuride assumes

no obligation to update the information included in this release.

 

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