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8-K - FORM 8-K - Spectrum Brands Holdings, Inc. | y91789ae8vk.htm |
Exhibit 99.1
For Immediate Release
Harbinger Group Inc. Announces Launch of Debt Offering
NEW YORK, June 23, 2011 (BUSINESS WIRE)
Harbinger Group Inc. (NYSE: HRG) (the Company) announced today that it has commenced an offering
of an additional $150 million in aggregate principal amount of its 10.625% senior secured notes due
2015 (CUSIP No.: 41146A AA4 / ISIN: US41146AAA43 (144A) / CUSIP No.: U24520 AA3 / ISIN:
USU24520AA36 (Reg S)). The Company previously issued $350 million in aggregate principal amount of
its 10.625% senior secured notes due 2015 in November 2010. The Company expects to use the net
proceeds from the issuance of the notes for working capital by it and its subsidiaries and for
general corporate purposes, including the financing of future acquisitions and investments.
The offering will be made solely by means of a private placement either to qualified institutional
buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act),
or to certain persons in offshore transactions pursuant to Regulation S under the Securities Act.
The notes to be issued in the offering have not been and will not be registered under the
Securities Act and may not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the Securities Act.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any
security and shall not constitute an offer, solicitation or sale of any security in any
jurisdiction in which such offering, solicitation or sale would be unlawful.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: The statements
contained in this press release regarding the proposed offering are forward-looking statements
based upon managements current expectations that are subject to risks, and uncertainties that
could cause actual results, events and developments to differ materially from those set forth in or
implied by forward-looking statements. These statements and other forward-looking statements made
from time-to-time by the Company and its representatives are based upon certain assumptions and
describe future plans, strategies and expectations of the Company, are generally identifiable by
use of the words believes, expects, intends, anticipates, plans, seeks, estimates,
projects, may or similar expressions. Factors that could cause actual results, events and
developments to differ include, without limitation, capital market conditions, the risk that the
Company may not be successful in identifying any suitable future acquisition opportunities, the
risks that may affect the performance of the operating subsidiaries of the Company and those
factors listed under the caption Risk Factors in the Companys prospectus filed with the
Securities and Exchange Commission on May 9, 2011 pursuant to Rule 424(b)(3) under the Securities
Act of 1933, as amended. All forward-looking statements described herein are qualified by these
cautionary statements and there can be no assurance that the actual results, events or developments
referenced herein will occur or be realized. The Company does not undertake any obligation to
update or revise forward-looking statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operation results.
CONTACT:
APCO Worldwide
Jeff Zelkowitz, 646-218-8744
jzelkowitz@apcoworldwide.com
Jeff Zelkowitz, 646-218-8744
jzelkowitz@apcoworldwide.com
or
Harbinger Group Inc.
Francis T. McCarron, CFO, 212-906-8560
investorrelations@Harbingergroupinc.com
Francis T. McCarron, CFO, 212-906-8560
investorrelations@Harbingergroupinc.com
SOURCE: Harbinger Group Inc.