ST. LOUIS, June 4, 2014 (GLOBE NEWSWIRE) — LMI Aerospace, Inc. (“LMI Aerospace”) (Nasdaq:LMIA), a leading supplier of complex structural assemblies, components and kits and provider of design engineering services to the aerospace and defense markets, today announced its intention to offer through a private placement, subject to market and other conditions, $250 million in aggregate principal amount of second-priority senior secured notes due 2019 (the “Notes”). The Notes will be the senior secured obligations of LMI Aerospace and will be guaranteed by LMI Aerospace’s existing and future wholly-owned subsidiaries. LMI Aerospace intends to use the net proceeds of the offering, together with a new senior secured revolving credit facility it expects to secure borrowings under commensurate with the offering, to repay the full amounts outstanding under its existing revolving credit facility and term loan B facility and for related fees and expenses.
The Notes and related guarantees are being offered in a private placement, solely to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), or outside the United States to persons other than “U.S. persons” in compliance with Regulation S under the Securities Act. The Notes and related guarantees have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
This notice does not constitute an offer to sell the Notes, nor a solicitation for an offer to purchase the Notes, in any jurisdiction in which such offer or solicitation would be unlawful. Any offer of the Notes will be made only by means of a private offering memorandum.