RELM Holdings Inc. Announces $30 Million Debt Offering
March 19 2010 - 10:23AM
Marketwired
RELM Holdings Inc. (PINKSHEETS: RELM)
-- RELM Holdings, Inc. today announced that
it is proposing to issue $30 million aggregate principal amount of
senior notes due 2015 (the "Notes") in a private debt offering that
is exempt from the registration requirements of the Securities Act
of 1933, as amended (the "Securities Act").
RELM intends to use the net proceeds from this private offering
for general corporate purposes, which may include funding of
potential acquisitions, repayment of the Company's indebtedness,
capital expenditures or the purchase of commercial real estate
projects.
The Notes are being offered only to qualified institutional
buyers in reliance on Rule 144A under the Securities Act of 1933,
to "accredited investors" under Regulation D, Rule 506 of the
Securities Act of 1933 and outside the United States, only to
non-U.S. investors pursuant to Regulation S. The Notes will not be
registered under the Securities Act or any state securities laws
and may not be offered or sold in the United States absent an
effective registration statement or an applicable exemption from
registration requirements or a transaction not subject to the
registration requirements of the Securities Act or any state
securities laws. This news release does not constitute an offer to
sell or a solicitation of an offer to buy any of the Notes, nor
does it constitute an offer, solicitation or sale in any
jurisdiction in which such offer, solicitation or sale is
unlawful.
Safe Harbor / Forward-Looking Statements This
news release includes information that could constitute
forward-looking statements made pursuant to the safe harbor
provision of the Private Securities Litigation Reform Act of 1995.
These statements may be identified by words such as 'expect,'
'should,' 'could,' 'shall' and similar expressions. These
statements are subject to risks and uncertainties, and actual
results and events could differ materially from what presently is
expected. Factors leading thereto may include without limitations
general economic conditions, conditions in the markets RELM is
engaged in, behavior of customers, suppliers and competitors,
technological developments, estimates regarding liquidity and
capital requirements, plans for raising capital to implement our
business plan, as well as legal and regulatory rules affecting
RELM's business. This list of factors is not intended to be
exhaustive. We assume no obligation to update any written or oral
forward-looking statement made by us or on our behalf as a result
of new information, future events or other factors, plans for
future products and services and for enhancements to existing
products and services.
About RELM RELM was incorporated to
acquire operating businesses and is now a holding company with a
primary focus on financial and information technology services
along with real estate. The Company bases its business model on the
acquisition of synergistic businesses with the capability to
support and complement its financial and technology products. RELM
intends to lead a vertically integrated family of companies that
will provide full solutions for its affiliates and clients, such as
underwriting, servicing, raising capital, and commercialization,
while securitizing and guaranteeing its products in the
marketplace. Since 1994 the Company has conceived, designed, and
developed innovative, new products that "absorb asset risk." For
more information about RELM, please visit
www.relmholdingsinc.com.
Contact: RELM Holdings Inc. manager@relmholdingsinc.com
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