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

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December 15, 2009 by   Leave a Comment

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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