Horizon Global Corporation (NYSE:HZN) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition.
On July 17, 2018, Horizon Global Corporation (the “Company”) issued a press release (the “Press Release”) announcing, among other things, certain preliminary financial information for the quarter ended June 30, 2018. The Press Release also announced that the Company intends, subject to market conditions, to amend (the “Amendment”) its Term Loan Credit Agreement, dated as of June 30, 2015, as amended, among the Company, the several banks and other financial institutions or entities from time to time party thereto, and JPMorgan Chase Bank, N.A., as administrative agent. to the Amendment, the Company may obtain additional credit facilities in the form of an incremental term facility in an aggregate amount of up to $50,000,000.
Attached as Exhibits99.1 and 99.2, respectively, are the Press Release and certain portions of a lender presentation prepared in connection with the proposed Amendment, which also contains certain preliminary financial information for the three months and twelve months ended June 30, 2018.
The information in this Item 2.02, including Exhibits99.1 and 99.2, is furnished and shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liabilities under that section, and shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits.
(d)The following exhibits are furnished herewith:
Horizon Global Corp ExhibitEX-99.1 2 hzn07-17x2018tlamendmentla.htm EXHIBIT 99.1 PRESS RELEASE Exhibit FOR IMMEDIATE RELEASE CONTACT:Christi Cowdin Director,…To view the full exhibit click here
About Horizon Global Corporation (NYSE:HZN)
Horizon Global Corporation is a designer, manufacturer and distributor of a range of custom-engineered towing, trailering, cargo management and other related accessory products serving the automotive aftermarket, retail and original equipment (OE) channels. The Company operates through two segments: Cequent Americas and Cequent APEA. The Cequent Americas segment consists of two operating segments: Cequent Performance Products (CPP), a manufacturer of aftermarket and original equipment manufacturer (OEM) towing and trailering products and accessories, and Cequent Consumer Products (CCP), a provider of towing, trailering, vehicle protection and cargo management solutions serving the end user through retailers. The Cequent Americas segment has operates in North America, and its towing and trailering-related products are sold through retail, aftermarket and OE channels. The Cequent APEA segment focuses its sales and manufacturing efforts outside of the Americas, operating in Australia.
