LAKE FOREST, Ill.–(BUSINESS WIRE)–Please replace the release with the following corrected version due to
The corrected release reads:
UCI HOLDINGS LIMITED DEFERS INTEREST PAYMENT;
DISCUSSIONS WITH NOTEHOLDERS
UCI Holdings Limited announced today that its wholly-owned subsidiaries,
UCI International LLC and UCI Acquisition Holdings (No.3) Corp.
(collectively, the “Company”), have elected to exercise the grace period
with respect to the $17,250,000 interest payment due on its 8.625%
senior unsecured notes (the “Notes”) (an earlier press release
mistakenly referred to the Notes as “senior secured”). Under the terms
of the indenture governing the Notes, the Company has a 30-day grace
period for interest payments.
The Company is engaged in discussions with representatives of certain of
the Noteholders. The Company has the right to make the interest payment
at any time during the grace period and thereby avoid an event of
default. The Company believes it has sufficient liquidity to continue
meeting all of its obligations to employees, customers, and suppliers
during the grace period.
This information shall not deemed to be “filed” for purposes of Section
18 of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), or otherwise subject to the liabilities of that section, and
shall not be deemed to be incorporated by reference into any of the
registrants’ filings under the Securities Act of 1933, as amended, or
the Exchange Act, whether made before or after the date hereof and
regardless of any general incorporation language in such filings, except
to the extent expressly set forth by specific reference in such a filing.
for UCI Holdings Limited
Joseph Doyle, (847) 482-2409