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Milacron 2004 News Archives

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All news releases and other materials below speak as of the date of their issuance, and are provided for historical reference purposes only. They contain information that was current at the time of the issuance, but that may no longer be current. Readers should not rely on the continued accuracy of any such material. All readers should carefully check the dates of issuance of these materials. Milacron assumes no obligation and does not intend to update, correct or modify any of the material contained in the documents below.

To see 2004 News releases, click one of the links below.

December 13, 2004
Milacron Completes Stock Rights Offering
Milacron has successfully concluded a stock rights offering, which expired at 5 p.m. ET on Friday, December 10.  
Full Story

November 23, 2004
Milacron Extends Stock Rights Offering
Milacron has extended to 5 p.m. ET, December 10, 2004 the deadline for eligible shareholders to subscribe to buy new shares under its current stock rights offering, first announced October 6, … 
Full Story

November 18, 2004
Milacron Appoints Sallie B. Bailey Director
Milacron today announced the appointment of Sallie B. Bailey to the company's board of directors, effective immediately.  
Full Story

November 16, 2004
Milacron Completes Exchange Offer for 11 1/2% Senior Secured Notes due 2011
Milacron today announced the successful completion of its exchange offer.  
Full Story

November 3, 2004
Milacron Narrows Net Loss on Higher Sales; Outlook Remains Positive
Milacron today reported a net loss of $5.5 million, or $0.20 per share, in the third quarter of 2004 on sales of $181 million.  The loss included, on an after-tax basis, $2.3 million in restructuring … 
Full Story
| Financial Statements

November 2, 2004
Milacron Declares Dividends on Preferred Stock
Milacron today announced that its board of directors has declared a dividend for the first quarter of 2005 of $1.00 per share on its 4% Cumulative Preferred Stock to be paid on March 1, 2005 to … 
Full Story

October 13, 2004
Milacron Finalizes Debt Structure with Exchange Offer
Milacron has initiated an offer to exchange new registered 11 1/2% Senior Notes due 2011 for any and all of its outstanding 11 1/2% Senior Notes due 2011.  
Full Story

October 6, 2004
Milacron Launches Stock Rights Offering
Milacron intends to sell up to 16.3 million new shares of common stock in a "rights offering" to its shareholders of record as of 5:00 p.m. EDT on October 18, 2004.  The Securities and … 
Full Story

September 30, 2004
Milacron's Q3 Earnings Expected to be at Low End of Guidance; Q3 Earnings Release, Conference Call Set for Nov. 3
Milacron expects to report a third quarter net loss of approximately $8 million, including approximately $2.5 million in after-tax restructuring charges. This would be an improvement …
Full Story

August 2, 2004
Milacron Names Four New Officers
Milacron today announced that the heads of its business segments, Dr. Karlheinz Bourdon, David E. Lawrence and Robert C. McKee, and the head of human resources, M. Bradley Baker, have … 
Full Story

August 2, 2004
Milacron Appoints Three New Directors
Milacron today announced the appointments of Mark L. Segal, Duane K. Stullich and Larry D. Yost to the company's board of directors. They fill the seats vacated by recently retired … 
Full Story

July 30, 2004
Milacron Q2 Sales and Segment Earnings in Line with Guidance; Outlook Positive as New Orders Increase
Milacron today reported a net loss of $27.8 million, or $0.64 per share, in the second quarter of 2004 on sales of $192 million. The loss included $14.6 million in refinancing costs and … 
Full Story
| Financial Statements

July 29, 2004
Milacron Declares Dividends on Preferred Stock
Milacron today announced that its board of directors has declared a dividend for the fourth quarter of $1.00 per share on its 4% Cumulative Preferred Stock to be paid on December 1 to holders … 
Full Story

July 14, 2004
Milacron's Q2 Earnings Release and Conference Call Set for July 30
Milacron will announce its financial results for the second quarter  prior to the stock market opening on Friday, July 30, and management will conduct an open investor conference call at …
Full Story

July 1, 2004
Milacron Settles Patent Dispute with Graham Engineering
Milacron announced today it had finalized a control-technology license agreement with Graham Engineering Corporation. 
Full Story

June 10, 2004
Milacron Completes Refinancing
Milacron said today it completed a number of key refinancing transactions to strengthen the company’s balance sheet.  These transactions were made possible by shareholder approval …
Full Story

June 9, 2004
Milacron to Launch a Stock Rights Offering
Milacron said its board of directors has approved a stock rights offering in which holders of Milacron common stock will be granted the opportunity to purchase a limited number of new …
Full Story

June 9, 2004
Shareholders Approve Refinancing Transactions at Annual Meeting
Milacron Shareholders today approved the proposals required to implement the company’s recent refinancing transactions. The company also said its tender offer for its Eurobonds was …
Full Story

May 27, 2004
Milacron Announces Issuance of $225 M in Privately Placed Notes; Proceeds Escrowed
Milacron Inc. announced that the proceeds of $225 million in privately placed Senior Secured Notes due 2011 have been placed in escrow. 
Full Story

May 13, 2004
Milacron Announces Terms of Privately Placed Notes
Milacron today announced the pricing of a private placement of $225 million in 11-1/2% Senior Secured Notes due 2011.  
Full Story

May 10, 2004
Milacron Sets Annual Meeting for June 9; Record Date for Preferred Stock Dividend Changed from May 10 to May 20
Milacron today announced that its annual meeting of shareholders will be held the morning of June 9, 2004 at the Cincinnati Museum Center at Union Terminal.  
Full Story

May 7, 2004
Milacron Intends to Increase the Purchase Price in the Tender Offer for Eurobonds and Eliminate the Early Tender Premium
Milacron today announced its intention to amend the terms of the cash tender offer launched on April 27, 2004 for Milacron Capital Holdings B.V.'s outstanding €115 million 7-5/8% Guaranteed …
Full Story

May 3, 2004
Milacron Sells Grinding Wheel Business to Tyrolit
Milacron completed the sale of its Cimform grinding wheel business to the North American arm of Tyrolit Schleifmittelwerke Swarovski, Europe's leading manufacturer of bonded abrasives and … 
Full Story

April 28, 2004
Milacron Forms Manufacturing Joint Venture in China
Milacron is expanding its presence in China with the signing of a manufacturing joint venture agreement with Jiangnan Mould & Plastic Technology Co., Ltd., a plastics processing …
Full Story

April 27, 2004
Milacron Commences Cash Tender Offer for Eurobonds
Milacron today announced that, as a part of the process of transforming its capital structure, it has launched a cash tender offer for Milacron Capital Holdings B.V.'s outstanding €115 million …
Full Story

April 26, 2004
Milacron Q1 Sales and Segment Earnings in Line with Guidance
Milacron today reported a net loss of $16.6 million, or $.49 per share, in the first quarter of 2004 on sales of $189 million. The loss included $6.4 million in refinancing costs, with no tax benefit …
Full Story | Financial Statements

April 26, 2004
Milacron Intends to Privately Place $225 Million in Senior Secured Notes
Milacron today announced its intention to offer $225 million principal amount of Senior Secured Notes in a private placement to qualified purchasers pursuant to Rule 144A, subject to market …
Full Story

April 26, 2004
Milacron Intends to Commence Cash Tender Offer for Eurobonds
Milacron today announced that, as a part of the process of transforming its capital structure, it intends to launch a cash tender offer on April 27, 2004 for Milacron Capital Holdings B.V.'s …  
Full Story

April 23, 2004
Milacron Declares Dividends on Preferred Stock
Milacron today announced that its board of directors declared a preferred stock dividend for the current quarter, each of the past three quarters, and the next quarter.  
Full Story

April 16, 2004
Milacron Debt Holders Convert Notes to Common Stock
Glencore Finance AG and Mizuho International plc, holders of Milacron's Series A Notes, have exercised their rights to convert the $30 million in notes into 15 million shares of Milacron …
Full Story

April 7, 2004
First Quarter Sales and Earnings Within Guidance Excluding Refinancing Costs; Date Set for Earnings Release and Conference Call
Following its usual practice, on April 26 the company will release its results in the morning before the market opens.  At 11:00 a.m. EDT, management will conduct an open investor conference …
Full Story

April 6, 2004
Milacron Appoints Steven N. Isaacs Director
Milacron announced today it has appointed Steven N. Isaacs to its board of directors, effective April 5. 
Full Story

March 12, 2004
Milacron Announces Refinancing to Repay Maturing Bonds and Bank Debt
Milacron announced today it has reached a definitive agreement to secure $100 million in new capital in the form of convertible securities, which, together with existing cash balances, will …
Full Story

March 11, 2004
Milacron Board Convenes Special Meeting to Consider Refinancing Proposals
Milacron announced its board of directors has convened a special meeting this evening to consider proposals to refinance its upcoming $115 million outstanding senior notes due …
Full Story

March 11, 2004
Milacron Discloses Bondholder Discussions; Negotiations Continue With Other Potential Investors
Milacron announced hat it has been in discussions regarding debt restructuring solutions with a number of potential new lenders and investors, as well as with an ad hoc committee of …
Full Story

March 2, 2004
NYSE Accepts Milacron's Reliance on an Exception To Shareholder Approval Policy
Milacron announced that the NYSE has accepted the company's reliance on an exception to the exchange's shareholder approval policy which would allow the issuance of common stock, …
Full Story

March 1, 2004
Banks Extend Milacron's Accounts Receivable Facility
Milacron announced that its receivables purchase agreement and the liquidity facility related to that program, which were due to terminate last Friday, February 27, have been extended two …
Full Story

February 11, 2004
Milacron's Q4 Sales and Orders Up; Cash Flow Strong
Milacron reported fourth quarter 2003 sales of $198 million, $28 million higher than sales in the third quarter and about $5 million above the range of its guidance issued in October. Excluding …
Full Story | Financial Statements

January 26, 2004
Milacron's Q4 Earnings Release and Conference Call Set for February 11
Following its usual practice, on February 11 the company will release its results in the morning before the market opens.  At 11:00 a.m. ET, management will conduct an open investor …
Full Story

Releases are entered "as issued" historically and are believed to be accurate at the time. No attempt is made to correct or update them based on subsequent events. Shareholders and potential investors should note the date of issue on the document when evaluating forward-looking statements and consult the Cautionary Statement, which spells out risks and uncertainties that could impact future results, in the company's most recent Form 10-Q or Form 10-K on file with the SEC.