American Railcar Industries, Inc. Announces Redemption of Remaining 7.5%
Senior Notes Due 2014
ST. CHARLES, Mo., Jan. 30, 2013 (GLOBE NEWSWIRE) -- American Railcar
Industries, Inc. (ARI or the Company) (Nasdaq:ARII) announced today that it
has delivered notice to redeem the remaining 7.5% senior notes due 2014 (the
"Notes"), CUSIP No. 02916PAB9. The notice is for the full redemption of the
$175.0 million aggregate principal amount owed on the Notes. The redemption
price is 100% of the principal amount redeemed, plus accrued and unpaid
interest thereon up to, but excluding, the redemption date. The redemption
date will be March 1, 2013.
ARI is a leading North American designer and manufacturer of hopper and tank
railcars. ARI and its subsidiaries lease railcars manufactured by the Company
to certain markets. In addition, ARI repairs and refurbishes railcars,
provides fleet management services and designs and manufactures certain
railcar and industrial components. ARI provides its railcar customers with
integrated solutions through a comprehensive set of high quality products and
related services. More information about American Railcar Industries, Inc. is
available on its website at www.americanrailcar.com.
Forward Looking Statement Disclaimer
This press release contains certain forward-looking statements as defined
under the Private Securities Litigation Reform Act of 1995. Forward-looking
statements represent the Company's estimates and assumptions only as of the
date of this press release. Such forward-looking statements include all
statements other than statements of historical fact, and all statements
regarding the full redemption of the Notes, including statements regarding the
anticipated benefits of the full redemption. The Company's Form 10-K, as
amended by Form 10-K/A, for the year ended December 31, 2011, subsequent
quarterly reports on Form 10-Q and other subsequent filings with the
Securities and Exchange Commission identify important risks and other factors
that could cause actual results to differ materially from those contained in
the Company's projections, estimates and forward-looking statements.
CONTACT: Dale C. Davies
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