CHARLOTTE, N.C.--(BUSINESS WIRE)--EnPro Industries, Inc. (NYSE: NPO) today commented that its offer to
exchange up to $150 million of 5.875% Senior Notes due 2022 (the “New
Notes”), which have been registered under the Securities Act of 1933, as
amended, for its outstanding unregistered 5.875% Senior Notes due 2022
issued on March 24, 2017 (the “Original Notes”) (CUSIP Nos. 29355X AE7
and U29300 AB3) is scheduled to expire at 5:00 p.m., New York City time,
on Tuesday, November 14, 2017 (the “expiration time”).
The exchange offer is being conducted to satisfy the Company’s
obligations under the terms of registration rights agreement entered
into in connection with the sale of the Original Notes completed on
March 24, 2017 and does not represent a new financing transaction. The
Company will not receive any proceeds from the exchange offer. The terms
of the New Notes are substantially identical to those of the Original
Notes, except that certain transfer restrictions, registration rights
and additional interest provisions related to the registration rights
applicable to the Original Notes do not apply to the New Notes.
Holders must tender their Original Notes on or prior to the expiration
time if they wish to participate in the exchange offer. Tenders of
Original Notes may be validly withdrawn at any time on or prior to the
expiration time.
Documents describing the terms of the exchange offer, including the
prospectus and transmittal materials for making tenders, can be obtained
from the exchange agent, U.S. Bank National Association, by calling
(800) 934-6802.
This news release is for informational purposes only and is not an offer
to buy or the solicitation of an offer to sell any securities of EnPro
Industries, Inc. The exchange offer is being made only pursuant to the
exchange offer documents, including the prospectus and the letter of
transmittal that have been distributed to holders of the Original Notes
and filed with the Securities and Exchange Commission.
About EnPro Industries
EnPro Industries, Inc. is a leader in sealing products, metal polymer
and filament wound bearings, components and service for reciprocating
compressors, diesel and dual-fuel engines and other engineered products
for use in critical applications by industries worldwide. For more
information about EnPro, visit the company’s website at http://www.enproindustries.com.
