SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 6, 2000
MILACRON INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 1-8475 31-1062125
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(State or other Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) No.)
2090 FLORENCE AVENUE, P.O. BOX 63716, CINCINNATI, OHIO 45206
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(address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code: (513) 487-5000
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ITEM 5. OTHER EVENTS
On April 6, 2000 Milacron Capital Holdings B. V., a wholly
owned subsidiary of the Registrant, completed a public offering of Eurobonds in
the value of 115 million Euros carrying an interest rate of 7-5/8% with a
maturity of five years. The net proceeds of the offering will be used for
general corporate purposes, including the repayment of $100 million of 7-7/8%
Notes maturing in May of 2000. A copy of the Registrant's Press Release issued
April 10, 2000 is filed as Exhibit 99.1 hereto.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(c) Exhibits:
Exhibit
NO. DESCRIPTION
99.1 Press Release issued by Milacron Inc. on
April 10, 2000
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MILACRON INC.
Date: April 12, 2000 By: /S/ ROBERT P. LIENESCH
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Robert P. Lienesch
Vice President-Finance
and Treasurer and Chief
Financial Officer
NEWS RELEASE
MILACRON COMPLETES (EUROS) 115 MILLION EUROBOND OFFERING
CINCINNATI, Ohio, USA, April 10, 2000 - Milacron Inc. (NYSE: MZ) announced
today that it had successfully completed a public offering in Europe of
(EUROS)115 million Eurobonds at 7-5/8% with a maturity of five years. The
net proceeds of the offering will be used for general corporate purposes,
including the repayment of $100 million of 7-7/8% Notes maturing in May.
"This financing improves our flexibility going forward, not only by
extending our debt maturities but also by better balancing our currency
and interest rate exposures," said Robert P. Lienesch, Milacron vice
president, treasurer and chief financial officer.
ABN AMRO was the lead manager of the offering, with JP Morgan acting as
senior co-lead manager and Bank of America and Deutsche Bank as co-lead
managers. More than forty investors from nine different countries
subscribed to the offering. The Eurobonds were issued by Milacron Capital
Holdings B.V., a wholly owned subsidiary of Milacron, outside the United
States pursuant to Regulation S of the Securities Act of 1933, as amended.
They are fully and unconditionally guaranteed by Milacron Inc., whose
credit is rated Ba1 by Moody's and BB+ by Standard and Poors.
With 1999 sales of $1.6 billion, Milacron is a world leader in plastics
processing and metalworking technologies with major manufacturing
facilities in North America, Europe and India and 11,500 employees
worldwide. Plastics technologies include injection molding machines, blow
molding equipment, extrusion systems and replacement items, mold bases,
mold-making equipment and mold components, as well as aftermarket and MRO
(maintenance, repair and operating) parts and services. Metalworking
technologies include carbide metalcutting inserts, insert holders, carbide
and high-speed steel round tools, metalworking fluids, chemical and tool
management services, precision grinding wheels and carbide wear parts. For
further information, visit the company's web site, www.milacron.com, or
call its toll-free investor hot line: 800-909-MILA (800-909-6452).
