Dayton Superior Exits Chapter 11 with Substantially Lower Debt, Increased Liquidity and Sustainable Capital Structure

DAYTON, Ohio--(Business Wire)--
Dayton Superior Corporation (the "Company"), the leading North American provider
of specialized products for the nonresidential concrete construction market,
today announced that it has emerged from Chapter 11 bankruptcy protection
effective today, pursuant to a Plan of Reorganization (the "Plan") approved by
the U.S. Bankruptcy Court for the District of Delaware in Wilmington on October
14, 2009. In conjunction with the Plan, Dayton Superior closed its $110 million
exit financing facility and new $100 million term loan.

"All of us at Dayton Superior are very pleased to be out of Chapter 11," said
Eric R. Zimmerman, Dayton Superior`s President and Chief Executive Officer. "We
set four goals when we began this process: significantly reduce our debt,
maintain business as usual through the reorganization, create the most value for
creditors, and emerge in an expedited manner with a sustainable capital
structure. We believe we have accomplished all of these."

"On behalf of the Board of Directors and Management, I would like to extend my
gratitude to our employees for their hard work and dedication and to our
customers, distributors, suppliers, and advisors for their support during the
reorganization," said Zimmerman. "We would also like to thank our bank
consortium -- Bank of America, UBS and Key Bank as well as our existing term
lenders, Silverpoint and Davidson Kempner, for their confidence in us as
demonstrated by our exit financing facilities. We would especially like to thank
our financial sponsors, Oaktree Capital Management, L.P. and Solus Alternative
Asset Management LP, for their substantial investment in Dayton Superior. It
represents a strong statement of confidence in the future of the Company."

Under the Plan as implemented, with the proceeds of the sponsor supported Rights
Offering, $161 million of prepetition Senior Subordinated Notes were converted
into new stock of the reorganized Company and $70 million debt obligations were
paid down, resulting in a total reduction of over two-thirds of the Company`s
prepetition debt. Oaktree, the largest prepetition note holder, owns a
substantial majority of the stock of the new Company, which is privately held.
All old Dayton Superior common shares are cancelled and receive no recovery.

"Through this financial reorganization, we have substantially reduced the debt
burden that severely restricted the Company for nearly a decade," said
Zimmerman. "Our exit facility will provide more than adequate liquidity to meet
all of our working capital and capital investment needs. Our conservative
capital structure provides the capacity to endure an extended period of economic
weakness and still take advantage of investment opportunities that come our way.

"In addition to restructuring our debt, we also took advantage of the
reorganization process by rationalizing our physical infrastructure and
consolidating regional operations. As a result, we are a stronger, better
integrated operation today, with a more efficient distribution and rental
operations footprint," said Zimmerman.

"With this reorganization finally behind us, Dayton Superior is poised to
capitalize on its position as the leading company in its industry, and we are
pleased to have Dayton Superior as one of our portfolio companies," said Jordon
Kruse, Managing Director, Oaktree Capital Management. "Oaktree and its
affiliates have extensive experience and a proven track record of success with
companies like Dayton Superior. We are committed investors and look forward to
working with management in improving and expanding Dayton Superior`s
industry-leading role."

Dayton Superior filed a voluntary petition for reorganization under Chapter 11
of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the
District of Delaware in Wilmington on April 19, 2009. Additional information for
creditors and other parties is available through a link on the Company website,
www.daytonsuperior.com.

ABOUT DAYTON SUPERIOR CORPORATION

Dayton Superior is the leading North American provider of specialized products
consumed in nonresidential, concrete construction, and we are the largest
concrete forming and shoring rental company serving the domestic, nonresidential
construction market. Our products can be found on construction sites nationwide
and are used in nonresidential construction projects, including: infrastructure
projects, such as highways, bridges, airports, power plants and water management
projects; institutional projects, such as schools, stadiums, hospitals and
government buildings; and commercial projects, such as retail stores, offices
and recreational, distribution and manufacturing facilities.

Dayton Superior Corporation
Eric R. Zimmerman, 937-428-7172
President & Chief Executive Officer
Fax: 937-428-9115

Copyright Business Wire 2009