Milacron Holdings Inc. Proposes $140 Million Term Loan

CINCINNATI, OHIO – Milacron Holdings Inc. (“Milacron” or the “Company”) has announced plans to refinance its existing debt facilities with up to $140 million in a new senior secured term loan due in 2017 (the “Refinancing”). In addition, on March 31, 2011 Milacron amended and extended its existing revolving credit facility (the “Revolver”). The $50 million Revolver is expected to be undrawn upon completion of the Refinancing.

Milacron is positioned to proactively access the capital markets following its strong performance in 2010 and continued strength in 2011. The transaction will allow the Company to refinance most of its current financial obligations with lower cost capital at more favorable terms and extended maturity dates. In addition, Milacron will use a portion of the proceeds of the Refinancing to repurchase some existing shares.

According to Dennis Smith, Milacron CEO, “We are pleased to be able to take this offer to the market just 18 months after completing our reorganization. It really is a testament to the trust the market places in our people, products and brands, as well as our ability to meet the needs of a growing and diverse global customer base.”

The stock repurchase will enable Avenue Capital, the private equity group that owns Milacron, to redeem a portion of their shares without diluting their ownership interest or their commitment to Milacron’s future. Over the past two years, Avenue has made several investments to continuously increase Milacron’s ability to provide new and greater value to customers. These include facility expansions, state-of-the-art research and development capabilities, acquisitions at the business unit level and an increased focus on aftermarket products and services.

Once the transaction is completed, improved liquidity levels and terms will provide increased financial flexibility for the company as it grows while facilitating ongoing reinvestments in the business.

“Due to market volatility, completing the term loan is dependent on the ability to attract investors,” said John Francy, Chief Financial Officer. “Nonetheless, Milacron is well-positioned to continuing driving our customers’ success through superior technology advancements, enhanced products and services and expanded global reach.”

Milacron LLC and its businesses are committed to being the leading suppliers of plastics processing technologies and industrial fluids around the world. The people of Milacron’s companies know what matters in manufacturing, and every day, put this knowhow to work to help customers improve productivity, cut costs, increase energy efficiency, eliminate scrap and reduce cycle times. For further information, visit www.milacron.com.

Press Contact:
Mary Scheibel, principal
Scheibel Halaska, Inc.
414-270-3513
mscheibel@insidesh.com