TriMas Corp. to Issue $250M in Senior Secured Notes

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December 15, 2009 by   Comments Off on TriMas Corp. to Issue $250M in Senior Secured Notes

TriMas Corp. announced Monday (Dec. 14) its intent to offer to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S $250 million aggregate principal amount of senior secured notes due 2017, according to a news release.

The proceeds of the proposed offering, together with cash on hand, will be used by TriMas to purchase, redeem or otherwise retire all of its outstanding 9 7/8% senior subordinated notes due 2012. The offering is subject to market and other customary conditions.

TriMas is the parent company of Cequent Performance Products.

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