Company name Axalta Coating Syst
Headline Notice of New Guarantor


RNS Number : 7214F
Axalta Coating Systems LLC
19 May 2017
 

Stock Exchange Announcement

 

 

For immediate release

May 19, 2017

 

 

 

 

Axalta Coating Systems, LLC

(the "Issuer")

 

Re: New Guarantor of 4.250% Senior Notes due 2024

 

 

Pursuant to a third supplemental indenture, dated as of May 8, 2017 (the "Supplemental Indenture"), by and among the Issuer, Century Industrial Coatings, Inc. (the "New Guarantor"), a Texas corporation and a wholly owned subsidiary of Axalta Coating Systems Ltd., and Wilmington Trust, National Association, as trustee (the "Trustee"), to the indenture, dated as of August 16, 2016 (the "Original Indenture," as supplemented from time to time, and, together with the Supplemental Indenture, the "Indenture"), by and among the Issuer, the guarantors party thereto, the Trustee, Citigroup Global Markets Deutschland AG, as registrar, and Citibank N.A., London Branch, as a paying agent and authenticating agent, the Issuer has added the New Guarantor as an additional guarantor of the Issuer's 4.250% Senior Notes due 2024 (the "Notes") with effect from May 8, 2017.

 

Pursuant to the Indenture, the New Guarantor guarantees the Notes on a joint and several, irrevocable, fully unconditional, senior unsecured basis together with the other guarantors included in the listing particulars in respect of the Notes (the "Listing Particulars").

 

The following is the relevant information for the New Guarantor:

 

Registered name:

Century Industrial Coatings, Inc.

Place of incorporation:

Texas

Date of incorporation:

August 7, 1991

Registered number:

120197000

Registered address:

37094 Highway 69 N, Jacksonville, TX 75766

Authorized share capital:

10,000 shares of voting common stock and 90,000 shares of non-voting common stock

Issued share capital:

100 shares

Business activity:

The business of Axalta Coating Systems Ltd. and its subsidiaries (including the Issuer and the New Guarantor) (the "Group") involves the manufacturing, marketing and distribution of high performance coating systems.

Ownership:

The New Guarantor is an indirect wholly owned subsidiary of Axalta Coating Systems Ltd.

Financial information:

The New Guarantor was not a part of the Group as of December 31, 2016. As such, the addition of the New Guarantor as a guarantor of the Notes did not have an impact on the audited financial statements as of December 31, 2016 filed with the Irish Stock Exchange or the financial information of the guarantors and non-guarantors as of such date. The financial statements of the New Guarantor will be contained within the consolidated financial statements of the Group from May 8, 2017, the date of the Supplemental Indenture.

 

 

Enquiries:

 

For enquiries or further information please contact:

Axalta Coating Systems, LLC
Two Commerce Square
2001 Market Street, 36th Floor
Philadelphia, PA 19103
Fax: (215) 255-7949
Tel: (215) 255-3422
Attention: General Counsel

 


This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ISEOKCDPQBKDFPD