Actuant Announces Completion of Notes Exchange Offer.Business Editors MILWAUKEE--(BUSINESS WIRE)--Nov. 1, 2000 Applied Power Inc. d/b/a Actuant Corporation (NYSE NYSE See: New York Stock Exchange :ATU (ADSL Transceiver Unit) A device that provides ADSL modulation of the telephone line. The device at the telco side is the ATU-C (Central), which is a line card plugged into the DSLAM. ), announced today that 100% of its 13% Senior Subordinated Notes Due 2009 (the "Original Notes") were exchanged for $200 million of its Series B 13% Senior Subordinated Notes Due 2009 (the "Exchange Notes") pursuant to its exchange offer set forth in the offering document dated September 20, 2000. The Exchange Notes satisfy the company's obligation under the Registration Rights Agreement which accompanied the sale of the Original Notes. The terms of the Exchange Notes are substantially identical to the terms of the Original Notes, except that the Exchange Notes are freely transferable by the holders. Actuant, headquartered in Milwaukee, Wisconsin For other places with the same name, see Milwaukee (disambiguation). Milwaukee is the largest city within the state of Wisconsin and 25th largest (by population) in the United States. , is a diversified diversified (di·verˑ·s industrial company with sales in excess of $500 million and operations in 19 countries. The Actuant businesses are market leaders in highly engineered position and motion control systems and branded tools. Products are offered under such established brand names as Enerpac, Gardner Bender Gardner Bender is a manufacturer of professional electrician's tools and supplies. External links
For further information on Actuant and its business units, visit the Company's website at www.actuant.com. |
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