Printer Friendly

COLLINS & AIKMAN HOLDINGS CORPORATION PLANS PUBLIC OFFERING OF SHARES OF COMMON STOCK

 CHARLOTTE, N.C., April 19 /PRNewswire/ --- Collins & Aikman Holdings Corporation announced today that it has filed a Registration Statement with the Securities and Exchange Commission covering the issuance by the Company of 20,000,000 shares of Common Stock in a public offering as part of a proposed recapitalization, which, if effected, would result in the defeasance and redemption of all its outstanding preferred stock and virtually all its outstanding indebtedness.
 Collins & Aikman Holdings Corporation, through its subsidiary Collins & Aikman Corporation, is a designer and manufacturer of automotive products consisting of interior trims, convertible tops and related products; interior furnishings consisting of decorative fabrics and floor coverings; and wallcoverings. In connection with the proposed recapitalization Collins & Aikman Holdings Corporation intends to change its name to Collins & Aikman Corporation.
 Collins & Aikman Holdings Corporation is jointly owned by Blackstone Capital Partners L.P. and Wasserstein Perella Partners, L.P. and their respective affiliates.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
 -0- 4/19/94
 /CONTACT: Paul Meeks of Collins & Aikman Holdings Corp., 704-548-2382/


CO: Collins & Aikman Holdings Corp. ST: North Carolina IN: TEX SU: CHM

CM -- CH021 -- 7240 04/19/94 19:05 EDT
COPYRIGHT 1994 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 19, 1994
Words:282
Previous Article:TJ INTERNATIONAL MAKES MONEY DESPITE TOUGH WINTER WEATHER
Next Article:TMI PRESIDENT ISSUES STATEMENT ON NEGOTIATIONS
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters