BLOOMFIELD HILLS, Mich. -- TriMas Corporation today announced the closing of its previously announced private placement offering of $250 million principal amount of 9 3/4 percent senior secured notes due 2017.
The net proceeds of the offering, together with other available cash, was used by TriMas Corporation to purchase, redeem or otherwise retire all of its outstanding 9 7/8 percent senior subordinated notes due 2012 and to pay fees and expenses related to the senior secured notes offering, tender costs and expenses associated with the retirement of its outstanding 9 7/8 percent senior subordinated notes.

The senior secured notes and the related guarantees have not been, and will not be, registered under the Securities Act of 1933 or the securities laws of any other place and may not be offered or sold in the United States absent registration or an applicable exemption there from. The senior secured notes were sold only to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S.

SOURCE: TriMas press release