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Exhibit 99.1
NEWS RELEASE
FOR IMMEDIATE RELEASE: CONTACT:
Craig A. Stacy
Chief Financial Officer and Treasurer
Shiloh Industries, Inc.
330-225-3999
SHILOH ANNOUNCES PROPOSED PRIVATE PLACEMENT
Cleveland, Ohio, July 24, 2000, Shiloh Industries, Inc. (Nasdaq-SHLO) today
announced that it will offer $150,000,000 of Senior Subordinated Notes due 2010
to certain institutional investors in an offering exempt from the registration
requirements of the Securities Act of 1933. The Company intends to use the
proceeds from the offering to repay outstanding bank debt.
The Notes to be offered have not been registered under the Securities Act of
1933 and may not be offered or sold in the United States absent registration or
an applicable exemption from registration requirements. This press release shall
not constitute an offer to sell or a solicitation of an offer to buy and is
issued pursuant to Rule 135c under the Securities Act of 1933.
