SignatureがNABCO売却、GRSA買収の一部資金手当に支出

AsiaNet 59165 （0053）

【シャーマンオークス（米カリフォルニア州）2015年1月12日PRN=共同通信JBN】

＊7800万ドルの売却で5600万ドルの純現金収益。

＊GRSA買収完了に向けての大きな一里塚。

Signature Group Holdings, Inc.（OTCQX: SGGH）（以下Signatureあるいは同社）は12日、PNC Capital Finance, LLC （以下PNC）の1事業部門であるPNC Riverarch Capital主導の投資グループに対して、7800万ドルの購入価格で間接（支配）全額出資子会社North American Breaker Co., LLC （以下NABCO）の売却を完了したと発表した。Signatureは2011年7月に3690万ドルの購入価格でNABCOを取得していた。

この全額現金の購入価格は、NABCOの未払い負債、その他特定の支払料金、取引費用を返済後、約5600万ドルの純収益が生まれる。SignatureはNABCOの売却が2014年9月30日に報告済みの貸借対照表を使って約4000万ドルの税引き前利益がでると推定している。同社はAleris Corporation （以下GRSA）の世界でのリサイクルおよび特殊合金事業の購入価格の一部支払いおよび一般企業目的のため、その現金収入を支出する意向である。

Signatureはそれ以前に、負債と株式による資金調達を組み合わせてGRSA買収の資金手当をする計画を発表した。資金調達は普通株式の追加株式を購入する同社株主への登録株式公募と新株予約権無償割り当てによる最高1億2500万ドルが含まれる。Signatureは今後、NABCO売却、2014年10月の同社普通株式の私募、2014年12月に完了した普通株式公募から得られる現金収益を使って、買収の資金に回すことによって新株予約権無償割り当ての規模を減額する意向である。Signatureは今月に新株予約無償割り当てを開始し、2015年2月にGRSA買収を完了したいとしている。

Signatureのクレイグ・T・ブシャール会長兼最高経営責任者（CEO）は「右肩上がりの成長が当社の目指すところである。われわれはNABCOを売却して、新株予約権割り当てのサイズを劇的に減らすことができる。そして2月には、GRSA買収を完了したい」と語った。

GRSAは世界最大規模の独立系アルミニウム・リサイクル企業であり、北米、欧州の市場リーダーである。米オハイオ州クリーブランドに本社を置くGRSAはアルミニウムくずを再処理して、幅広い産業部門に鋳造、インゴット、その他の形の有用な金属、特殊合金に変換する。同社は北米と欧州にある24の施設に約1600人を雇用しており、世界の300社余りの顧客にサービスを提供している。

FocalPoint Securities, LLCおよびSagent Advisors, LLCはSignatureの金融アドバイザー、Crowell & Moring LLPおよびBlank Rome LLPは法務アドバイザーを務めた。Cohen & Grigsby, P.C.はPNCの法務アドバイザーを務めた。

このプレスリリリースは米証券取引法の規則135cに従って発行されたもので、いかなる証券の販売の申し出もしくは購入の勧誘ではなく、そのような申し出、勧誘もしくは販売が州もしく司法管轄圏の証券法の下で登録もしくは認定に先立って法律に反することになる当該州もしくは司法管轄圏で販売されるものではない。ここに言及されているすべての購入提案は、目論見書補足と関連する目論見書によってのみ行われる。

▽Signature Group Holdings, Inc. について

Signatureは北米を本拠としたホールディング会社で、主として米国の工業・商業市場に集中し、大規模で管理が行き届き、一貫して収益を上げている企業に投資することを目的としている。Signatureは十分な投資基金と、連邦税務上の繰り延べ欠損金約9億ドルがある。Signatureに関する詳細はウェブサイトwww.signaturegroupholdings.com を参照。

▽問い合わせ先

Press Contact:

Dan Wilson

Ogilvy Public Relations

+1 (212) 880-5346

dan.wilson@ogilvy.com

ソース：Signature Group Holdings, Inc.

Signature Group Holdings Announces Sale of NABCO

PR59165

SHERMAN OAKS, Calif., Jan. 12, 2015 /PRN=KYODO JBN/ --

          $78 Million Sale with Net Cash Proceeds of $56 Million

          Significant Milestone to Completion of GRSA Acquisition

Signature Group Holdings, Inc. ("Signature" or the "Company") (OTCQX: SGGH)

announces that it has closed the sale of North American Breaker Co., LLC

("NABCO"), its indirect wholly owned subsidiary, to an investor group led by

PNC Riverarch Capital, a division of PNC Capital Finance, LLC ("PNC"), for a

purchase price of $78 million. Signature acquired NABCO in July 2011 for a

purchase price of $36.9 million.  

The all cash purchase price provided net proceeds of approximately $56 million

after repayment of NABCO's outstanding debt and certain other fees and expenses

of the transaction. The Company estimates the sale of NABCO would have resulted

in a pre-tax gain of approximately $40 million using its September 30, 2014

reported balances. Signature intends to use the proceeds to pay a portion of

the purchase price of the pending acquisition of the global recycling and

specifications alloys business of Aleris Corporation ("GRSA"), and for general

corporate purposes.

Signature previously announced its plan to finance the GRSA acquisition through

a combination of debt and equity financings, including up to $125 million from

a registered equity offering and a rights offering to Signature's stockholders

to purchase additional shares of common stock. Signature now intends to reduce

the size of the rights offering by using proceeds from the NABCO sale, a

private placement of our common stock in October 2014 and a common stock

offering completed in December 2014, to fund the acquisition. Signature expects

to commence the rights offering this month and to complete it and the GRSA

acquisition in February 2015.       

"Accretive growth is the focus of our company," Signature Chairman and CEO,

Craig T. Bouchard said, "With our sale of NABCO we can dramatically reduce the

size of our upcoming rights offering. We look forward to completing the GRSA

acquisition in February."  

GRSA is the largest independent aluminum recycler in the world and a market

leader in North America and Europe. GRSA, headquartered in Cleveland, Ohio,

converts aluminum scrap and dross into usable metal and specification alloys in

molten, ingot and other forms to a wide range of industry sectors. It employs

approximately 1,600 people at twenty-four facilities in North America and

Europe, and serves more than 300 customers worldwide.

FocalPoint Securities, LLC and Sagent Advisors, LLC acted as financial advisors

to Signature, and Crowell & Moring LLP and Blank Rome LLP acted as legal

advisors. Cohen & Grigsby, P.C. acted as legal advisor to PNC.

This press release is issued pursuant to Rule 135c of the Securities Act, and

shall not constitute an offer to sell or a solicitation of an offer to buy any

securities, nor shall there be any sale of securities in any state or

jurisdiction in which such offer, solicitation or sale would be unlawful prior

to registration or qualification under the securities laws of any such state or

jurisdiction. Any proposed offering referenced herein will be made only by

means of a prospectus supplement and the accompanying prospectus.

About Signature Group Holdings, Inc.

Signature is a North America-based holding company seeking to invest its

capital in large, well-managed and consistently profitable businesses

concentrated primarily in the United States industrial and commercial

marketplace. Signature has significant capital resources, and federal net

operating loss tax carryforwards of more than $900 million. For more

information about Signature, visit its corporate website at

www.signaturegroupholdings.com.

Cautionary Statement Regarding Forward-Looking Statements

This release contains forward-looking statements, which are based on our

current expectations, estimates, and projections about Signature's and GRSA's

businesses and prospects, as well as management's beliefs, and certain

assumptions made by management. Words such as "anticipates," "expects,"

"intends," "plans," "believes," "seeks," "estimates," "may," "should," "will"

and variations of these words are intended to identify forward-looking

statements. Such statements speak only as of the date hereof and are subject to

change. Signature undertakes no obligation to revise or update publicly any

forward-looking statements for any reason. These statements include, but are

not limited to, statements about Signature's and GRSA's expansion and business

strategies; Signature's ability to satisfy the conditions to the GRSA

acquisition and the related financings, and to ultimately consummate the GRSA

acquisition; anticipated growth opportunities; the amount of capital-raising

necessary to achieve those strategies, as well as future performance, growth,

operating results, financial condition and prospects. Such statements are not

guarantees of future performance and are subject to certain risks,

uncertainties, and assumptions that are difficult to predict. Accordingly,

actual results could differ materially and adversely from those expressed in

any forward-looking statements as a result of various factors. Important

factors that may cause such a difference include, but are not limited to

Signature's ability to successfully identify, consummate and integrate the

acquisitions of GRSA and/or other businesses; changes in business or other

market conditions; the difficulty of keeping expense growth at modest levels

while increasing revenues; Signature's ability to successfully defend against

current and new litigation matters: as well as demands by investment banks for

defense, indemnity, and contribution claims; obtaining the expected benefits of

the reincorporation; Signature's ability to access and realize value from its

federal net operating loss tax carryforwards; and other risks detailed from

time to time in Signature's Securities and Exchange Commission filings,

including but not limited to the most recently filed Annual Report on Form 10-K

and subsequent reports filed on Forms 10-Q and 8-K.

Press Contact:

Dan Wilson

Ogilvy Public Relations

+1 (212) 880-5346

dan.wilson@ogilvy.com

SOURCE Signature Group Holdings, Inc.