posted on April 10, 2011 21:35
WEST HARTFORD, Conn. —(BUSINESS WIRE)— Colt Defense LLC and Colt Finance Corp. announced that they have commenced an exchange offer for their outstanding 8.75% Senior Notes due 2017. These notes were originally issued on November 10, 2009, in a private placement exempt from the registration requirements of the Securities Act of 1933, in an aggregate principal amount of $250 million. Holders of these notes may exchange them for an equal principal amount of exchange notes pursuant to an effective registration statement on Form S-4 filed with the Securities and Exchange Commission.
Terms of the exchange notes are substantially identical to those of the original notes, except that the transfer restrictions and registration rights relating to the original notes do not apply to the exchange notes. Any notes not tendered will remain outstanding and continue to accrue interest.
The exchange offer will expire at 11:59 p.m., New York City time, on May 6, 2011, unless extended. Tenders of the original notes must be made before the exchange offer expires and may be withdrawn at any time before expiration.
This press release does not constitute an offer to sell any securities or a solicitation of an offer to buy any securities. The exchange offer is only being made pursuant to the exchange offer documents, including the prospectus, which have been filed with the Securities and Exchange Commission.
The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause our actual results in future periods to differ materially from forecasted results. Among those factors which could cause actual results to differ materially are the following: our dependence on sales to the U.S. Government; changes to U.S. Government spending priorities; our continued eligibility to contract with the U.S. Government or Department of Defense; the selection by the U.S. military of other arms manufacturers to manufacture the M4 carbine or any successor weapons; our inability to compete successfully for contracts that are the subject of competitive solicitations; the loss of any of our top international customers; the potential for a strike, other work stop-pages or labor unrest at our manufacturing facilities; our ability to comply with complex procurement laws and regulations; our ability to implement effective business plans in the industries in which we operate; our ability to adapt to technological change; the potential for our backlog to be reduced or cancelled; the risks of doing business internationally, including conditions that may cause customers to delay placing orders; our ability to implement our acquisition strategy and integrate acquired companies successfully; the availability and timely delivery of materials to us by our suppliers; our ability to manage costs effectively under our fixed-price contracts; our ability to attract and retain qualified personnel; the ability to protect our intellectual property rights; fluctuations in workers’ compensation and health care costs for our employees; our ability to comply with environmental, health and safety laws and regulations; our ability to maintain and upgrade our manufacturing capabilities to stay competitive; our ability to comply with covenants under our letter of credit facility; and the potential for a fire or other significant casualty to occur at either of our manufacturing facilities.