MEDIA RELEASE PR35298
Hayes Lemmerz International, Inc. Files Proposed Plan of Reorganization and Disclosure
Statement
NORTHVILLE, Mich., July 4 /PRNewswire-AsiaNet/ --
Hayes Lemmerz International, Inc. ("Hayes" or the "Company") announced today that it has
filed a proposed plan of reorganization (the "Plan") and disclosure statement with the United
States Bankruptcy Court for the District of Delaware (the "Court"). If confirmed by the Court, the
Plan provides that the Company's debtor-in-possession ("DIP") lenders and prepetition secured
lenders would own substantially all of the common stock of the reorganized Company and all of
its global manufacturing locations, upon its emergence from Chapter 11.
The Plan and the disclosure statement have to be approved by the Court. Before the Company
can solicit acceptances and seek approval of the Plan, the Court must approve the adequacy of
the disclosure statement. A hearing to consider approval of the disclosure statement is scheduled
for July 30th.
As previously announced, the material terms of the Plan were prearranged with the DIP
lenders and prepetition secured lenders prior to the commencement of the Company's
reorganization cases. Accordingly, the Company has the overwhelming support of its senior
secured lenders regarding the targeted reorganization contemplated by the Plan. The Company
confirms that it is on track within the targeted restructuring process and foresees that the final
Plan could be submitted for Court consideration as early as September.
As announced on May 11, 2009, the Company, certain of its U.S. subsidiaries and one (non-
operating) international subsidiary filed voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code in the District of Delaware. More information on the Company's restructuring is
available on the "Restructuring Information" page on the Company's website
888.753.5296 (for calls in the USA) or +1.734.737.5086 (for calls outside the USA).
About Hayes Lemmerz International, Inc.
Originally founded in 1908, Hayes Lemmerz International, Inc. is a leading worldwide producer
of aluminum and steel wheels for passenger cars and light trucks and of steel wheels for
commercial trucks and trailers. The Company is also a supplier of automotive powertrain
components. The Company has global operations with 23 facilities, including business, sales
offices and manufacturing facilities, located in 12 countries around the world. The Company sells
products to every major North American, Asian and European manufacturer of passenger cars
and light trucks and to commercial highway vehicle customers throughout the world.
SOURCE: Hayes Lemmerz International, Inc.
CONTACT: Marika Diamond
Hayes Lemmerz International, Inc.
+1-888-753-5283
+1-734-737-5089
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