Gibraltar Industries Announces Completion of Tender Offer for 8% Senior
Notes Due 2015
BUFFALO, N.Y. -- February 14, 2013
Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and
distributor of products for building and industrial markets, today announced
that the final tender period for the previously announced offer to purchase
its outstanding 8% Senior Notes due 2015 (the “2015 Notes”), expired at 11:59
p.m., New York City time, on February 13, 2013 (the “Expiration Time”).
At the Expiration Time, $143,110,000 principal amount of 2015 Notes, or 70.15%
of the aggregate principal amount outstanding, had been validly tendered and
not withdrawn. As part of the previously announced early tender, the Company
purchased for cash, on January 31, 2013 (the “Early Payment Date”),
$143,110,000 of the tendered 2015 Notes. The complete terms and conditions of
the tender offer were set forth in an Offer to Purchase and Consent
Solicitation Statement that was sent to holders of the 2015 Notes.
On January 31, 2013, the Company called for redemption all of the remaining
2015 Notes that were not purchased on the Early Payment Date in accordance
with the redemption provisions of the indenture governing the 2015 Notes (the
“Indenture”). In connection with the redemption, the Company satisfied and
discharged its obligations under the Indenture by depositing with the trustee
sufficient funds to pay the redemption price plus accrued and unpaid interest
on the remaining 2015 Notes.
Gibraltar Industries is a leading manufacturer and distributor of building
products, focused on residential and nonresidential repair and remodeling, as
well as construction of industrial facilities and public infrastructure. The
Company generates more than 80% of its sales from products that hold leading
positions in their markets, and serves customers across the U.S. and
throughout the world. Gibraltar’s strategy is to grow organically by expanding
its product portfolio and penetration of existing customer accounts, while
broadening its market and geographic coverage through the acquisition of
companies with leadership positions in adjacent product categories.
Comprehensive information about Gibraltar can be found on its website at
Gibraltar Industries, Inc.
Kenneth Smith, 716-826-6500 ext. 3217
Chief Financial Officer
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