Accuride exchanges stock for $4.17 million of 7.5% convertibles

By Angela McDaniels

Tacoma, Wash., Dec. 29 - Accuride Corp. issued 993,968 shares of common stock in exchange for $4,172,628 principal amount of its 7.5% senior convertible notes due 2020, according to an 8-K filing with the Securities and Exchange Commission.

The shares were issued in two separate exchanges completed on Dec. 22 and Dec. 29.

After the completion of the exchanges, about $407 principal amount of the convertibles remains outstanding.

The company noted that its stock began trading on the New York Stock Exchange under the symbol "ACW" on Dec. 22.

As previously reported, the company accepted $141,076,966 principal amount of the notes for conversion in a conversion offer that expired on Nov. 23.

Accuride manufactures commercial vehicle components and is based in Evansville, Ind.

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