Oshkosh Corporation (NYSE: OSK) today announced that it has commenced an
offer to exchange all of its outstanding 5.375% Senior Notes due 2022
(the “Original Notes”) for new 5.375% Senior Notes due 2022 (the “New
Notes”) that have been registered under the Securities Act of 1933, as
amended.
The terms of the New Notes to be issued in the exchange offer are
substantially identical to those of the Original Notes, except that the
New Notes will not have securities law transfer restrictions and the
registration rights relating to the Original Notes and the New Notes
will not provide for the payment of additional interest under
circumstances relating to the timing of the exchange offer.
The exchange offer will expire at 11:59 p.m., New York City time, on
June 27, 2014, unless extended by Oshkosh Corporation. Valid tenders of
the Original Notes must be made, and may be withdrawn at any time,
before the exchange offer expires.
Documents describing the terms of the exchange offer, including the
prospectus and transmittal materials for making tenders, may be obtained
from the exchange agent, Wells Fargo Bank, National Association, by
registered or certified mail at Wells Fargo Bank, N.A., MAC N9303-121,
Corporate Trust Operations, P.O. Box 1517, Minneapolis, MN 55480-1517,
Attention: DAPS Reorg, or by regular mail or overnight courier at Wells
Fargo Bank, N.A., MAC N9303-121, Corporate Trust Operations, Sixth
Street & Marquette Avenue, Minneapolis, MN 55479, Attention: DAPS Reorg.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities. The exchange offer is being
made only pursuant to a prospectus and the related letter of transmittal
and only to such persons and in such jurisdictions as is permitted under
applicable law.
About Oshkosh Corporation
Oshkosh Corporation is a leading designer, manufacturer and marketer of
a broad range of specialty access equipment, commercial, fire &
emergency and military vehicles and vehicle bodies. Oshkosh Corporation
manufactures, distributes and services products under the brands of
Oshkosh®, JLG®, Pierce®, McNeilus®, Jerr-Dan®, Frontline™, CON-E-CO®,
London® and IMT®. Oshkosh products are valued worldwide in businesses
where high quality, superior performance, rugged reliability and
long-term value are paramount.
®, TM All brand names referred to in this news release are trademarks of
Oshkosh Corporation or its subsidiary companies.
Forward-Looking Statements
This press release contains statements that the Company believes to be
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements other than
statements of historical fact, including, without limitation, statements
regarding the Company’s future financial position, business strategy,
targets, projected sales, costs, earnings, capital expenditures, debt
levels and cash flows, and plans and objectives of management for future
operations, are forward-looking statements. When used in this press
release, words such as “may,” “will,” “expect,” “intend,” “estimate,”
“anticipate,” “believe,” “should,” “project” or “plan” or the negative
thereof or variations thereon or similar terminology are generally
intended to identify forward-looking statements. These forward-looking
statements are not guarantees of future performance and are subject to
risks, uncertainties, assumptions and other factors, some of which are
beyond the Company’s control, which could cause actual results to differ
materially from those expressed or implied by such forward-looking
statements. These factors include the cyclical nature of the Company’s
access equipment, commercial and fire & emergency markets, which are
particularly impacted by the pace of U.S. and European economic
recoveries; the strength of emerging market growth and projected
adoption rate of work at height machinery; the expected level and timing
of U.S. Department of Defense (“DoD”) and international defense customer
procurement of products and services and funding thereof; risks related
to reductions in government expenditures in light of U.S. defense budget
pressures, sequestration and an uncertain DoD tactical wheeled vehicle
strategy, including the Company’s ability to successfully manage the
cost reductions required as a result of lower customer orders in the
defense segment; the Company’s ability to win a U.S. Joint Light
Tactical Vehicle production contract award; the Company’s ability to
increase prices to raise margins or offset higher input costs;
increasing commodity and other raw material costs, particularly in a
sustained economic recovery; risks related to facilities consolidation
and alignment, including the amounts of related costs and charges and
that anticipated cost savings may not be achieved; the duration of the
ongoing global economic uncertainty, which could lead to additional
impairment charges related to many of the Company’s intangible assets
and/or a slower recovery in the Company’s cyclical businesses than
Company or equity market expectations; risks related to the
collectability of receivables, particularly for those businesses with
exposure to construction markets; the cost of any warranty campaigns
related to the Company’s products; risks related to production or
shipment delays arising from quality or production issues; risks
associated with international operations and sales, including foreign
currency fluctuations and compliance with the Foreign Corrupt Practices
Act; the Company’s ability to comply with complex laws and regulations
applicable to U.S. government contractors; the impact of severe weather
or natural disasters that may affect either the Company, the Company’s
suppliers or its customers; the impact of cyber security risk and costs
of defending against, mitigating and responding to a data security
breach; and risks related to the Company’s ability to successfully
execute on its strategic road map and meet its long-term financial
goals. Additional information concerning these and other factors that
could cause actual results to differ materially from those in the
forward-looking statements is contained in the Company’s filings with
the Securities and Exchange Commission, including the Form 8-K filed on
April 29, 2014. All forward-looking statements speak only as of the date
of this press release. The Company assumes no obligation, and disclaims
any obligation, to update information contained in this press release.
Copyright Business Wire 2014