General Donlee Canada Inc. Announces Offer to Purchase 7.00% Convertible Unsecured Subordinated Debentures

TORONTO, Oct. 4, 2013 /CNW/ - General Donlee Canada Inc. (TSX: GDI.DB; "General Donlee") today announced that, as a result of the previously announced acquisition of General Donlee by a wholly-owned subsidiary of Triumph Group, Inc. (NYSE: TGI), and pursuant to General Donlee's obligations under the indenture (the "Indenture") governing General Donlee's 7.00% convertible unsecured subordinated debentures due June 30, 2014 (the "Convertible Debentures"), General Donlee has delivered to Computershare Trust Company of Canada, the trustee under the Indenture, an offer to purchase the Convertible Debentures for an amount equal to 101% of the principal amount thereof plus accrued and unpaid interest (less any tax required to be withheld) (the "Change of Control Offer").

The Change of Control Offer is expected to be mailed on October 7, 2013 to the registered holders of Convertible Debentures in compliance with the Indenture, and General Donlee anticipates completing the redemption of all Convertible Debentures tendered to the Change of Control Offer on November 11, 2013.

Any questions regarding the redemption should be directed to your broker, if applicable, or the trustee, Computershare Trust Company of Canada at its North American toll-free number: 1-800-564-6253.

About General Donlee

General Donlee, a wholly owned subsidiary of Triumph Group, Inc., is a leading diversified manufacturer of precision-machined products serving the commercial, military, and general aerospace industries as well as the nuclear, power generation, oil & gas and capital equipment end markets. General Donlee's operating strategy focuses on targeting niche markets for products that are aligned with its sophisticated manufacturing capabilities and skilled workforce. Further information can be found in the disclosure documents filed by General Donlee with the securities regulatory authorities, available at www.sedar.com or through the Company's website at www.generaldonlee.com.

SOURCE: General Donlee Canada Inc.

For further information:

Garen Mikirditsian
President
Telephone: (416) 743-4417

Robert S. Kheir, MBA, CMA
Vice President & Controller
Telephone: (416) 743-4417

Profil de l'entreprise

General Donlee Canada Inc.

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