-----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, WVaWGwHQbdLI33jyaVlKjw+d7pN2ayXPGl6s2WJFN6wbtGIqhuPXjmkYwf2JIwhN CGFVFfhmmgJXnd7fNgY3Jw== 0001104659-03-028226.txt : 20031211 0001104659-03-028226.hdr.sgml : 20031211 20031210181101 ACCESSION NUMBER: 0001104659-03-028226 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031210 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031211 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: 031048161 BUSINESS ADDRESS: STREET 1: ACCURIDE STREET 2: 7140 OFFICE CIRCLE CITY: EVANSVILLE STATE: IN ZIP: 47715 BUSINESS PHONE: 8129625000 8-K 1 a03-6148_18k.htm 8-K

 

UNITED STATES
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): December 10, 2003 (December 10, 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 December 10, 2003, Accuride Corporation announced the completion of an amendment of its senior credit facility.  The company re-priced its new term loan B at LIBOR plus 525 basis points, a reduction of 100 basis points, and term loan C at LIBOR plus 325 basis points, a reduction of 75 basis points.  In addition, the Company eliminated the LIBOR floor provision for the new term loan B.

 

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 December 10, 2003.

 

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:

December 10, 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 a03-6148_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

Contact: Deepak Chaudhry

 

Phone: (812) 962-5095

 

FOR IMMEDIATE RELEASE

 

Accuride Corporation Completes Re-pricing of Senior Credit Facilities

 

EVANSVILLE, Ind. – December 10, 2003 – Accuride Corporation today announced the completion of an amendment to its senior secured credit facility.  The Company re-priced its new term loan B at LIBOR plus 525 bps, a reduction of 100 bps, and term loan C at LIBOR plus 325 bps, a reduction of 75 bps.  In addition, the Company eliminated the LIBOR floor provision for the new term loan B.  The reduced interest rates will save the Company approximately $4.0 million annually.

 

“The interest rate reduction reflects our bank group’s strong support of our business plan,” said John Murphy, Accuride’s Executive Vice President and Chief Financial Officer.  “This re-pricing, coupled with the refinancing completed in June of this year, provides the Company with additional flexibility as we enter the upturn in the North American commercial vehicle market.”

 

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.

 

###

 



 

Accuride Corporation

December 10, 2003

 

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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