Alliance Laundry to Present Lenders with Acquisition and Related Amendments.RIPON, Wis adv. 1. Certainly; really; indeed. v. t. 1. To think; to suppose; to imagine; - used chiefly in the first person sing. present tense, I wis. See the Note under Ywis. . -- Alliance Laundry Laundry can be:
Before industrialization Systems LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("Alliance Laundry") today announced plans to meet with its lenders in connection with its pending acquisition of the Commercial Laundry Division ("CLD CLD Called CLD Cloud CLD Cleared CLD Chronic Lung Disease CLD Council for Learning Disabilities CLD Cooled CLD Chronic Liver Disease CLD Clear Direction Flag CLD Certified LabVIEW Developer CLD Causal Loop Diagram ") of Laundry Systems Group. Representatives of Alliance Laundry are scheduled to meet today with lenders to describe the acquisition and to discuss increasing its existing credit facility to finance part of the acquisition. Alliance Laundry announced on May 23, 2006 that it had agreed to acquire substantially all of CLD for approximately 59 million Euros. Alliance Laundry expects to finance the acquisition with a combination of equity and debt, including a $60 million increase to its existing term loan facility. Alliance Laundry will also seek commitments to increase its existing $50 million Revolver revolver: see small arms. revolver Pistol with a revolving cylinder that provides multishot action. Some early versions, known as pepperboxes, had several barrels, but as early as the 17th century pistols were being made with a revolving chamber to by $5 million to provide additional liquidity. Alliance Laundry expects that leverage ratios -- as calculated under Alliance Laundry's existing credit facility - will remain substantially unchanged pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma for the financing. Alliance Laundry also expects the amortization profile to remain substantially the same, and for maturities to remain unchanged. Alliance Laundry anticipates that the acquisition of CLD will increase its growth opportunities, allow it to realize synergies and cost savings and add strong brands to its existing portfolio. About Alliance Laundry Systems LLC Alliance Laundry Systems LLC (www.comlaundry.com) is a leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. manufacturer of commercial laundry products and provider of services for laundromats, multi-housing laundries and on-premise laundries. Alliance offers a full line of washers and dryers for light commercial and consumer use as well as large frontloading washers, heavy duty tumbler dryers, and finishing equipment for heavy commercial use. The Company's products are sold under the well-known brand names Speed Queen(R), UniMac(R), and Huebsch(R). Forward Looking Statements Statements contained herein that are not statements of historical or current fact constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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. When used herein, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Alliance Holdings or Alliance Laundry to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates" or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in Alliance Holdings' and Alliance Laundry's filings with the Securities and Exchange Commission. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. |
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