Friday, June 10, 2011

WireCo WorldGroup, Inc. Closes Private Offering of $150 Million of Senior Notes

David Hornaday
Sr. VP & Chief Administration Officer
WireCo WorldGroup
816-270-4710

KANSAS CITY, Missouri – June 10, 2011– WireCo WorldGroup, Inc. (WireCo) announced the closing of its private offering of senior notes maturing in 2017 under its existing notes indenture.  A total of $150 million aggregate principal amount of notes, which will bear interest at 9.500% per annum, were issued.  WireCo intends to use the proceeds of the offering to prepay a portion of its existing term loan and for general corporate purposes.  Subject to limited exceptions, the notes will be guaranteed by WireCo’s existing and future domestic subsidiaries, as well as its ultimate parent holding company, WireCo Cayman, and certain of its subsidiaries.

The senior notes being offered have not been and will not be registered under the Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the U.S. absent registration or an applicable exemption from registration requirements.  Accordingly, the notes are being offered in the United States only to qualified institutional buyers under Rule 144A of the Securities Act or to non-U.S. persons in transactions outside the United States in compliance with Regulation S under the Securities Act. 

This press release shall not constitute an offer to sell nor a solicitation of an offer to buy, nor shall there be any sale of, these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Forward-Looking Statements
Some of the statements in this release may constitute forward-looking statements.  Such statements are based on our current expectations and projections about future events that could be affected by numerous factors and are, therefore, subject to various risks and uncertainties discussed in the offering circular.  It is not possible to foresee or identify all such factors.  Do not rely on any forward-looking statement, as we cannot predict or control many of the factors that ultimately may affect our ability to achieve the results estimated.  Forward-looking statements are not a guarantee of future performance and actual results or developments may differ materially from expectations.  We make no promise to update any forward-looking statement, whether as a result of changes in underlying factors, new information, future events or otherwise.