JLG Begins Offers to Purchase Outstanding Senior Notes

November 6, 2006 • JLG Industries, Inc., McConnellsburg, Pa., announced that it has commenced offers to purchase for cash any and all of its outstanding 8 1/4% Senior Notes due 2008 (the “2008 Notes”) in an aggregate principal amount of $89,545,000. JLG has also offered to purchase its 8 3/8% Senior Subordinated Notes due 2012 (the “2012 Notes” and, together with the 2008 Notes, the “Notes”) in an aggregate principal amount of $113,750,000. In connection with the offers, holders of the Notes are being solicited to provide consents to certain amendments to the indentures for the Notes that would eliminate most of the restrictive covenants and events of default contained in the indentures.

 

JLG is making the offers as required by the Agreement and Plan of Merger dated Oct. 15, 2006, by and among JLG, Oshkosh Truck Corporation, and Steel Acquisition Corp.