Printer Friendly
The Free Library
19,573,952 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

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
  • Father John Murphy, leader during the Irish Rebellion of 1798
  • John Murphy (Alabama) (1786-1841), American Governor and Congressman from Alabama
, Accuride's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. .

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.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Nov 29, 2007
Words:245
Previous Article:Viad Corp Declares Quarterly Dividend.
Next Article:NOTION Music Launches Second Annual Composition Contest.



Related Articles
Accuride Corporation Reports Second Quarter Results for 2001.
Accuride Corporation Announces Bank Meeting.
Accuride Corporation Completes Amendment of Senior Credit Facilities.
Accuride Corporation Completes Re-pricing of Senior Credit Facilities.
Accuride Corporation Completes Acquisition of Transportation Technologies Industries, Inc. and $950 Million in Related Refinancing Transactions.
Accuride Corporation Reports Results for 2004.
Accuride Corporation Reports First Quarter Results for 2005; Acquires Transportation Technologies Industries, Inc.; Pro Forma Revenues increased by...
Accuride Corporation Announces New Business Agreement with NABI.
Accuride Corporation Reports First Quarter Results for 2008.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles