ALTRA HOLDINGS INC
SymbolAIMC

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Altra Holdings, Inc. Announces Tender Offer by Subsidiary of its 9% Senior Secured Notes Due 2011

2009-11-10 19:38 ET - News Release

BRAINTREE, Mass., Nov. 10, 2009 (GLOBE NEWSWIRE) -- Altra Holdings, Inc. ("Altra Holdings") (Nasdaq:AIMC), announced today the commencement of a cash tender offer by its wholly-owned subsidiary, Altra Industrial Motion, Inc. ("Altra Industrial"), for any and all of its outstanding 9% Senior Secured Notes due 2011 (the "Notes"). There is currently $205,300,000 aggregate principal amount of the Notes outstanding. The tender offer (the "Offer") is being made pursuant to an Offer to Purchase and Waiver (the "Offer to Purchase") and a related Letter of Transmittal and Waiver (the "Letter of Transmittal"), each dated as of November 10, 2009. The Offer will expire at 12:00 midnight, Eastern Standard time, at the end of Wednesday, December 9, 2009, unless extended or earlier terminated (the "Expiration Time").

Holders who validly tender (and do not withdraw) their Notes prior to the early tender deadline of 5:00 p.m., Eastern Standard time, on November 24, 2009, unless extended (the "Early Tender Deadline"), and whose Notes are accepted for payment, will receive the total consideration equal to $1,025.00 per $1,000 principal amount of the Notes (the "Total Consideration"), plus any accrued and unpaid interest (the "Accrued Interest") on the Notes up to, but not including, the payment date, assuming that they were a holder of Notes on November 15, 2009 (the "Record Date"). Under the terms of the indenture governing the Notes, only holders as of the Record Date will be entitled to receive Accrued Interest. If Notes are transferred or purchased after the Record Date, the transferee will not be entitled to receive any Accrued Interest. It is expected that interest will be paid with respect to the Notes that are not tendered prior to the Early Tender Deadline up to, but not including, December 10, 2009.

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