GenCorp Commences Registered Exchange Offer for its 7.125% Second-Priority Senior Secured Notes due 2021

  GenCorp Commences Registered Exchange Offer for its 7.125% Second-Priority
                        Senior Secured Notes due 2021

PR Newswire

SACRAMENTO, Calif., Oct. 16, 2013

SACRAMENTO, Calif., Oct. 16, 2013 /PRNewswire/ -- GenCorp Inc. (NYSE: GY)
("GenCorp") announced today that it has commenced an exchange offer for
eligible holders to exchange any and all of the company's outstanding 7.125%
Second-Priority Senior Secured Notes due 2021 (the "unregistered notes") that
were originally issued on January 28, 2013 in a transaction exempt from
registration under the Securities Act of 1933, as amended (the "Securities
Act"), in an aggregate principal amount of $460 million. Eligible holders of
the unregistered notes may exchange them for an equal principal amount of the
company's 7.125% Second-Priority Senior Secured Notes due 2021 which have been
registered under the Securities Act (the "registered notes"). The terms of the
registered notes are substantially identical to the unregistered notes, except
for transfer restrictions and registration rights relating to the unregistered
notes.

The exchange offer will expire at 5:00 p.m., New York City time, on November
14, 2013, unless extended in accordance with its terms. Exchanges of the
unregistered notes for registered notes must be made in accordance with the
terms of the exchange offer before the exchange offer expires and may be
withdrawn at any time before the exchange offer expires. The completion of
the exchange offer, and participation in the exchange offer by eligible
holders, are each subject to the terms and conditions set forth in the
prospectus and transmittal materials for the exchange offer.

Documents describing the terms of the exchange offer, including the exchange
offer prospectus and transmittal materials for making exchanges, can be
obtained from the exchange agent addressed as follows:

U.S. Bank National Association
Corporate Trust Services
60 Livingston Avenue
St. Paul, Minnesota 55107
Attention: Specialized Finance
Facsimile: (651) 466-7372
Telephone: (800) 934-6802

This press release is for informational purposes only and shall not constitute
an offer to exchange, nor a solicitation of an offer to exchange, any
securities. The exchange offer is being made only pursuant to a prospectus for
the exchange offer dated October 16, 2013, which has been filed with the
Securities and Exchange Commission, and the related letter of transmittal, and
only to such persons and in such jurisdictions as is permitted under
applicable law.

Contact information:
Investors: Brendan King, treasurer 916.351.8618
Media: Glenn Mahone, vice president, communications 202.302.9941

SOURCE GenCorp Inc.