December 11, 2014
Metaldyne Performance Group Inc. Prices Its Initial Public Offering
PLYMOUTH, Mich., Dec. 11, 2014 /PRNewswire/ -- Metaldyne Performance Group Inc. ("MPG") (NYSE: MPG) today announced the pricing of its initial public offering of 10,000,000 shares of common stock at a price to the public of $15.00 per share. All of the shares in the offering are being offered by an affiliate of American Securities LLC, ASP MD Investco LP (the "Selling Stockholder"). In addition, the Selling Stockholder has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares. The shares are expected to begin trading on December 12, 2014 on the New York Stock Exchange under the symbol "MPG." The closing of the offering is expected to occur on December 17, 2014, subject to the satisfaction of customary closing conditions.
BofA Merrill Lynch, Goldman, Sachs & Co., Deutsche Bank Securities Inc., Barclays Capital Inc., Credit Suisse Securities (USA) LLC and RBC Capital Markets, LLC are acting as joint book-running managers for the offering. Robert W. Baird & Co. Incorporated is acting as lead co-manager for the offering and KeyBanc Capital Markets Inc. and Nomura Securities International, Inc. are acting as co-managers for the offering.
The offer is being made only by means of a prospectus. Copies of the prospectus may be obtained from: BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department, or by emailing firstname.lastname@example.org; Goldman, Sachs & Co., 200 West Street, New York, NY 10282, Attn: Prospectus Department, by emailing email@example.com, or by calling (866) 471-2526; or Deutsche Bank Securities Inc., 60 Wall Street, New York, NY 10005, Attn: Prospectus Group, by emailing prospectus.CPDG@db.com, or by calling (800) 503-4611.
A registration statement relating to shares of the common stock of MPG was declared effective by the Securities and Exchange Commission on December 11, 2014. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Metaldyne Performance Group Inc. is a leading provider of highly-engineered components for use in powertrain and safety-critical platforms for the global light, commercial and industrial vehicle markets. MPG produces these components using complex metal-forming manufacturing technologies and processes for a global customer base of vehicle OEMs and Tier I suppliers. MPG's metal-forming manufacturing technologies and processes include aluminum die casting, forging, iron casting and powder metal forming as well as advanced machining and assembly. Headquartered in Plymouth, Michigan, MPG has a global footprint spanning 61 locations in 13 countries across North America, South America, Europe and Asia with approximately 12,000 employees.
This press release contains forward-looking statements. The words "believe," "expect," "anticipate," "intend," "estimate" and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Although forward-looking statements reflect management's good faith beliefs, reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to differ materially from anticipated future results, performance or achievements expressed or implied by such forward–looking statements. Forward-looking statements speak only as of the date the statements are made. MPG undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise. These forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to: our comments relating to growth of, or changes in, the global commercial vehicle markets; maintaining existing sales levels with our current customers and end users while attracting new ones; operating in global markets and expanding into adjacent markets while strengthening our market position in our existing markets; and financial projections.
Paul Suber, Vice President, Business Development & Investor Relations
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SOURCE Metaldyne Performance Group Inc.