EVANSVILLE, Ind. — Accuride Corp. announced its proposed offering of $300 million aggregate principal amount of first priority senior secured notes due 2018 (the "notes") in a private placement that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Act").

The notes will be senior secured obligations of the company and will be initially guaranteed by all of the company's domestic subsidiaries.

The company intends to use the net proceeds from the notes offering, together with roughly $10 million of expected borrowings under a new senior secured asset based revolving credit facility and cash on hand, to refinance its existing senior credit facility and to pay related fees and expenses.

The notes and the related guarantees have not been registered under the Act or the securities laws of any other place and may not be offered or sold in the United States absent registration or an applicable exemption therefrom. Accuride is offering the notes only to qualified institutional buyers in accordance with Rule 144A under the Act and to persons outside of the United States in accordance with Regulation S under the Act.