TriMas Raises $250 Million From Notes Offering
December 30, 2009 (FinancialWire) — TriMas Corp. (NASDAQ: TRS) has closed a private placement offering of $250 million principal amount of 9 3/4% Senior Secured notes due 2017.
The net proceeds of the offering, together with other available cash, was used by TriMas to purchase, redeem or otherwise retire all of its outstanding 9 7/8% senior subordinated notes due 2012 and to pay fees and expenses related to the Senior Secured notes offering, tender costs and expenses associated with the retirement of its outstanding 9 7/8% senior subordinated notes.
Bloomfield Hills, Michigan-based TriMas provides engineered and applied products for markets worldwide. The firm has approximately 4,000 employees at 70 different facilities in 11 countries.
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