BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--
TriMas Corporation (NASDAQ: TRS) — a diversified global manufacturer of
engineered and applied products — today announced that it has closed its
previously announced public offering of 5,175,000 shares of its common
stock (which includes 675,000 shares issued pursuant to the
underwriters' exercise of their option to purchase additional shares).
TriMas received net proceeds from this offering of approximately $174.6
million after deducting underwriters' discounts and commissions and
estimated offering expenses. TriMas expects to use its proceeds from the
sale of the common stock for general corporate purposes.
Deutsche Bank Securities and J.P. Morgan acted as joint bookrunners for
the offering. BofA Merrill Lynch, Goldman, Sachs & Co. and Wells Fargo
Securities also acted as joint bookrunners for the offering. KeyBanc
Capital Markets, Barrington Research, Roth Capital Partners and Sidoti &
Company, LLC acted as the co-managers for the offering.
The public offering was being made only by means of a prospectus and
related prospectus supplement, copies of which may be obtained from
either: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60
Wall Street, New York, New York 10005-2836, telephone: 800-503-4611, or
by emailing: prospectus.CPDG@db.com;
or J.P. Morgan Securities LLC, Attention: Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New York 11717-8309,
telephone: 866-803-9204.
The common stock was offered pursuant to an effective registration
statement filed with the Securities and Exchange Commission. This press
release shall not constitute an offer to sell or a solicitation of an
offer to buy, nor shall there be any sale of these securities in any
state or jurisdiction in which such an offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities
laws of any such state or jurisdiction.
About TriMas
Headquartered in Bloomfield Hills, Michigan, TriMas Corporation (NASDAQ:
TRS) provides engineered and applied products for growing markets
worldwide. TriMas is organized into six reportable segments:
Packaging, Energy, Aerospace & Defense, Engineered Components, Cequent
APEA and Cequent Americas. TriMas has approximately 5,500 employees at
more than 60 facilities in 17 countries.
Cautionary Notice Regarding Forward-looking
Statements
Any "forward-looking" statements contained herein, including those
relating to market conditions or the Company's financial condition and
results, expense reductions, liquidity expectations, business goals and
sales growth, involve risks and uncertainties, including, but not
limited to, risks and uncertainties with respect to general economic and
currency conditions, various conditions specific to the Company's
business and industry, the Company's leverage, liabilities imposed by
the Company's debt instruments, market demand, competitive factors,
supply constraints, material and energy costs, technology factors,
litigation, government and regulatory actions, the Company's accounting
policies, future trends, and other risks which are detailed in the
Company's Annual Report on Form 10-K for the fiscal year ended December
31, 2012, and in the Company's Quarterly Reports on Form 10-Q. These
risks and uncertainties may cause actual results to differ materially
from those indicated by the forward-looking statements. All
forward-looking statements made herein are based on information
currently available, and the Company assumes no obligation to update any
forward-looking statements.
TriMas Corporation
Sherry Lauderback
VP, Investor Relations &
Communications
(248) 631-5506
SherryLauderback@trimascorp.com
Source: TriMas Corporation
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