ST. LOUIS, June 8, 2012 (GLOBE NEWSWIRE) -- Victor Technologies Group, Inc. announced today the completion of its offer to exchange $100 million of its 9% Senior Secured Notes due 2017, which have been registered under the Securities Act of 1933 (the "Exchange Notes"), for the $100 million of its outstanding 9% Senior Secured Notes due 2017 issued on March 6, 2012, in a private placement (the "Private Notes").
The offer and withdrawal rights expired at 5:00 p.m. New York time on June 7, 2012, at which time $100 million aggregate principal amount of the Private Notes had been tendered and not withdrawn. The Company has accepted for exchange all Private Notes validly tendered and not withdrawn prior to the expiration of the exchange offer.
The terms of the Exchange Notes are substantially identical to the terms of the Private Notes, including subsidiary guarantees, except that provisions relating to transfer restrictions, registration rights and related additional interest will not apply to the Exchange Notes.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any security. The exchange offer was made solely by the prospectus dated May 9, 2012, and the related letter of transmittal.
About Victor Technologies
Headquartered in St. Louis, Missouri, Victor Technologies provides superior solutions for cutting, welding and gas control equipment under brand names that include Victor®, Tweco®, Arcair®, Thermal Dynamics®, Thermal Arc®, Stoody®, TurboTorch®, Firepower® and Cigweld®. For more information about Victor Technologies, its products and services, visit the company's web site at www.victortechnologies.com.
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