Business
Wajax announces pricing of new issuance of senior notes due 2020
TSX Symbol:  WJX TORONTO , Oct. 18, 2013 /CNW/ - Wajax Corporation (" Wajax "...
About this update from Wajax Corporation
[{"type":"text","content":"\n\n\nTSX Symbol:  WJX\n\n\nTORONTO, Oct. 18, 2013 /CNW/ - Wajax Corporation (\"Wajax\" or the \"Corporation\") today announced the pricing of its new issuance of $125 million\n aggregate principal amount of senior unsecured notes due 2020 (the \"Notes\").  The Notes will carry a coupon of 6.125% per annum, will be sold at\n par and will mature on October 23, 2020.  The net proceeds of the Notes\n will be used to repay borrowings under the Corporation's senior secured\n credit facilities, which in turn may be redrawn for general corporate\n purposes.  The offering of Notes is expected to close on October 23,\n 2013.\n\n\nThis press release does not constitute an offer to sell or the\n solicitation of an offer to buy any security and shall not constitute\n an offer, solicitation or sale of any securities in any jurisdiction in\n which such offering, solicitation or sale would be unlawful.\n\n\nThe securities mentioned herein have not been and will not be registered\n under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\"), or the securities laws of any other jurisdiction, and may not be\n offered or sold in the United States absent registration under, or an\n applicable exemption from the registration requirements of, the U.S.\n Securities Act. The securities mentioned herein have not been and will\n not be qualified for sale to the public under applicable securities\n laws in Canada and, accordingly, any offer and sale of the securities\n in Canada will be made on a basis which is exempt from the prospectus\n requirements of such securities laws.\n\n\nWajax Corporation\n\n\nWajax is a leading Canadian distributor engaged in the sale, rental and\n after-sale parts and service support of mobile equipment, power systems\n and industrial components, through a network of 126 branches across\n Canada. The Corporation is a multi-line distributor and represents a\n number of leading worldwide manufacturers across its core businesses.\n Its customer base is diversified, spanning natural resources,\n construction, transportation, manufacturing, industrial processing and\n utilities.\n\n\nCautionary Statement Regarding Forward Looking Information\n\n\nThis news release contains certain forward-looking statements and\n forward-looking information, as defined in applicable securities laws\...