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JLG to Buy Back Senior Notes

McConnellsburg, Pa.-based JLG Industries last week announced that it has commenced offers to purchase for cash any and all of its outstanding 8 ¼-percent senior notes due 2008 in an aggregate principal amount of $89.5 million and 8 3/8-percent senior subordinated notes due 2012 in an aggregate principal amount of $113.7 million.

JLG is making the offers as required by its agreement to be acquired by Oshkosh Truck Corp.

The consent solicitations will expire at 5 p.m., New York City time, on November 20, and the offers will expire at midnight, New York City time, on December 5, in each case unless extended or earlier terminated by JLG.

The information agent for the offers and consent solicitations is Innisfree M&A Inc. The depositary for the offers is The Bank of New York. The dealer managers for the offers and consent solicitation agents for the consent solicitations are J.P. Morgan Securities and Banc of America Securities LLC.

JLG Industries is a leading producer of access equipment. Its diverse product portfolio encompasses leading brands such as JLG aerial work platforms; JLG, SkyTrak, Lull and Gradall telehandlers; and an array of complementary accessories designed to increase the versatility and efficiency of these products for end users.

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