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|Xerium Announces Closing of Exchange Offer to Exchange Its Unregistered 9.500% Senior Secured Notes Issued in August 2016 for Registered 9.500% Senior Secured Notes|
The new notes are identical in all material respects to the outstanding old notes, except that the new notes are registered under the Securities Act, generally are not subject to transfer restriction, are not entitled to registration rights or related provisions relating to additional interest applicable to the old notes and bear a different CUSIP or ISIN number from the old notes. Like the old notes, the new notes are guaranteed on a senior secured basis by each of the Company's direct and indirect wholly-owned subsidiaries (other than those that are securitization subsidiaries or immaterial subsidiaries) existing as of the issue date of the old notes. The Company did not receive any proceeds upon the consummation of the exchange offer.
This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy the new notes or any other securities.
This press release contains forward-looking statements. The words
“will”, “believe,” “estimate,” “expect,” “intend,” “anticipate,”
“goals,” variations of such words, and similar expressions identify
forward-looking statements, but their absence does not mean that the
statement is not forward-looking. Forward-looking statements are not
guarantees of future performance, and actual results may vary materially
from the results expressed or implied in such statements. Differences
may result from actions taken by us, as well as from risks and
uncertainties beyond our control. These risks and uncertainties include
the risks and uncertainties discussed elsewhere in this press release,
our Form 10-K for the year ended
Xerium Technologies, Inc.