MILTON, Ga., Aug. 15, 2011 (GLOBE NEWSWIRE) -- Exide Technologies (Nasdaq:XIDE), a global leader in stored electrical energy solutions, announced today the commencement of an exchange offer pursuant to which it is offering to exchange up to $675,000,000 in aggregate principal amount of its 8⅝% Senior Secured Notes due 2018 (the "New Notes"), which have been registered under the Securities Act of 1933 (the "Act"), for an equal aggregate principal amount of its unregistered outstanding 8⅝% Senior Secured Notes due 2018 (the "Old Notes"). The Old Notes were issued on January 25, 2011 in a transaction exempt from registration under the Act. The terms of the New Notes will be substantially identical to the terms of the Old Notes, except that the New Notes will be registered under the Act and will not be subject to restrictions on transfer or provisions relating to additional interest applicable to the Old Notes. The New Notes will bear a different CUSIP or ISIN number from the Old Notes and will not entitle their holders to registration rights.
The terms and conditions of the exchange offer for the Old Notes are set forth in a prospectus dated August 15, 2011 and the related letter of transmittal. Except in some circumstances described in the prospectus, any and all Old Notes that are validly tendered in the exchange offer prior to 5:00 p.m., New York City time, on Tuesday, September 13, 2011, which is the expiration date of the exchange offer, will be accepted for exchange.
This press release is for informational purposes only and is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of a consent with respect to any of the Old Notes or New Notes. The exchange offer is being made only pursuant to a prospectus and letter of transmittal that have been filed with the Securities and Exchange Commission (the "SEC") as part of Exide Technologies' Registration Statement on Form S-4, as amended (File No. 333-174733). The Registration Statement was declared effective by the SEC on August 12, 2011.
Wells Fargo Bank, National Association, has been appointed as exchange agent for the exchange offer. Questions and requests for assistance and requests for additional copies of this prospectus or of the letter of transmittal should be directed to the exchange agent addressed as follows:
By Mail, Hand or Overnight Delivery:
Wells Fargo Bank, N.A.
Corporate Trust Services
608 Second Avenue South, 12th FL
Minneapolis, MN 55479
Attention: Stefan Victory
or
Wells Fargo Bank, National Association
Corporate Trust Services
7000 Central Parkway, Suite 550
Atlanta, GA 30328
Attention: Stefan Victory
By Facsimile:
(612) 667-6282
or
(770) 551-5118
Attention: Stefan Victory
(For Eligible Institutions Only)
For Information or Confirmation by Telephone:
(770) 551-5117
About Exide Technologies
Exide Technologies, with operations in more than 80 countries, is one of the world's largest producers and recyclers of lead-acid batteries. The Company's four global business groups -- Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas and Industrial Energy Europe and Rest of World -- provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications.
Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine applications, and new technologies for hybrid vehicles and automotive applications. Industrial markets include network power applications such as telecommunications systems, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles.
The Exide Technologies logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3300