FRANKLIN PARK, Ill., Nov. 5 /PRNewswire-FirstCall/ -- A. M. Castle & Co.
(NYSE: CAS), a global distributor of specialty metal and plastic products,
value-added services and supply chain solutions, announced today that it has
filed a universal shelf registration statement on Form S-3 with the U.S.
Securities and Exchange Commission (SEC). If and when declared effective by
the SEC, the shelf registration statement will allow the Company to sell
securities in one or more separate offerings in amounts and at prices and
terms to be determined at the time of sale.
The registration statement is intended to provide the Company with the
flexibility to offer and sell from time to time in the future up to $100
million of equity, debt or other types of securities described in the
registration statement, or any combination of such securities. If securities
are issued, the Company may use the proceeds for general corporate purposes,
including acquisitions, capital expenditures, working capital, and repayment
of debt. However, the Company currently does not have any specific plans to
offer securities under the registration statement.
A registration statement relating to these securities has been filed with the
SEC, but has not yet become effective. These securities may not be sold nor
may offers to buy be accepted prior to the time the registration statement
becomes effective. This press release shall not constitute an offer to sell
securities, nor a solicitation of an offer to buy any securities. There shall
not be any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state. Any offer of these
securities will be made solely by means of the prospectus included in the
registration statement and any prospectus supplement that may be issued with
respect to such offering.
About A. M. Castle & Co.
Founded in 1890, A. M. Castle & Co. is a global distributor of specialty metal
and plastic products and supply chain services, principally serving the
producer durable equipment sector of the economy. Its customer base includes
many Fortune 500 companies as well as thousands of medium and smaller-sized
firms spread across a variety of industries. Within its metals business, it
specializes in the distribution of alloy and stainless steels; nickel alloys;
aluminum and carbon. Through its subsidiary, Total Plastics, Inc., the Company
also distributes a broad range of value-added industrial plastics. Together,
Castle operates over 56 locations throughout North America, Europe and Asia.
Its common stock is traded on the New York Stock Exchange under the ticker
symbol "CAS".
Cautionary Statement on Risks Associated with Forward Looking Statements
Information provided and statements contained in this release that are not
purely historical are forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended ("Securities Act"), Section 21E
of the Securities Exchange Act of 1934, as amended ("Exchange Act"), and the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements only speak as of the date of this release and the Company assumes
no obligation to update the information included in this release. Such
forward-looking statements include information concerning our possible or
assumed future results of operations, including descriptions of our business
strategy. These statements often include words such as "believe," "expect,"
"anticipate," "intend," "predict," "plan," or similar expressions. These
statements are not guarantees of performance or results, and they involve
risks, uncertainties, and assumptions. Although we believe that these
forward-looking statements are based on reasonable assumptions, there are many
factors that could affect our actual financial results or results of
operations and could cause actual results to differ materially from those in
the forward-looking statements, including those risk factors identified in
Item 1A "Risk Factors" of our Annual Report on Form 10-K for the fiscal year
ended December 31, 2008. All future written and oral forward-looking
statements by us or persons acting on our behalf are expressly qualified in
their entirety by the cautionary statements contained or referred to above.
Except for our ongoing obligations to disclose material information as
required by the federal securities laws, we do not have any obligations or
intention to release publicly any revisions to any forward-looking statements
to reflect events or circumstances in the future or to reflect the occurrence
of unanticipated events.
SOURCE A. M. Castle & Co.
Scott F. Stephens, Vice President-Finance & CFO of A. M. Castle & Co.,
+1-847-349-2577, sstephens@amcastle.com; or Katie Pyra of Ashton Partners,
+1-312-553-6717, kpyra@ashtonpartners.com, for A. M. Castle & Co.
