Accuride Corporation Announces Amendment to its Senior Credit Agreement.EVANSVILLE, Ind. -- Accuride Corporation (NYSE NYSE See: New York Stock Exchange :ACW ACW Arts Council of Wales (UK) ACW Arts Council of Wales ACW American Civil War ACW Alliance for Computers and Writing ACW Air Control Wing ACW After Call Work (call centers) ), today announced that it has entered into an amendment to its senior credit agreement to modify certain financial covenants through 2008. "Securing an amendment allows Accuride to maintain our financial flexibility through the current industry downturn and to stay on course in the pursuit of our strategic initiatives," said John Murphy A number of people have been named John Murphy
Accuride Corporation is one of the largest and most diversified manufacturers and suppliers of commercial vehicle components in North America. Accuride's products include commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, seating assemblies and other commercial vehicle components. Accuride's products are marketed under its brand names, which include Accuride, Gunite gun·ite n. A concrete mixture that is sprayed from a special gun over steel reinforcements in light construction. [Originally a trademark.] Noun 1. , Imperial, Bostrom, Fabco, and Brillion. For more information, visit Accuride's website at http://www.accuridecorp.com. Forward-looking statements Statements contained in this news release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, including statements regarding the Company's expectations, hopes, beliefs and intentions on strategies regarding Accuride's future results. It is important to note that the Company's actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including but not limited to, market demand in the commercial vehicle industry, general economic, business and financing conditions, labor relations, governmental action, competitor pricing activity ,expense volatility and other risks detailed from time to time in the Company's Securities and Exchange Commission filings. |
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