Accuride Announces Extended Waiver with Lenders

EVANSVILLE, Ind., Sep 15, 2009 (BUSINESS WIRE) --
AURD | Quote | Chart | News | PowerRating -- Accuride Corporation (OTCBB: AURD | Quote | Chart | News | PowerRating) today announced that it has entered
into an agreement with the lenders of its Fourth Amended and Restated
Credit Agreement that effectively extends the temporary waiver period
granted by the lenders as of July 1, 2009, until September 30, subject
to certain early termination provisions. The Third Temporary Waiver
Agreement (Waiver) addresses any failure to comply with certain
obligations under the Credit Agreement and any failure to pay interest
to holders of Accuride's 8 1/2 percent Senior Subordinated Notes due 2015
(Notes).

"This extension demonstrates our lenders' on-going commitment to
assisting in the development of a capital structure that will ensure the
long-term health of the Company," said Bill Lasky, Accuride's President,
CEO, and Chairman of the Board.

As consideration for the Waiver, Accuride agreed to provide detailed and
regular financial information to a Steering Committee that was formed to
represent the lenders in their negotiations with Accuride and to comply
with other restrictions, including restrictions on incurring additional
debt, making investments and selling assets, as well as specified
minimum liquidity requirements.

Forward-looking statements

Statements contained in this news release that are not purely
historical are forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including statements
regarding Accuride's expectations, hopes, beliefs and intentions, or
statements about future conditions in the economy or the commercial
vehicle market. It is important to note that Accuride's actual
future results could differ materially from those expressed or implied
in such forward-looking statements, and such statements are subject to a
number of risks, uncertainties and other factors. These factors
could include, among other things, whether the temporary waiver provides
sufficient time to address Accuride's on-going liquidity and financing
concerns, including Accuride's ability to obtain a long term amendment
to its Credit Agreement, adjust its capital structure or implement any
other strategic alternative described herein. In addition, such
statements are subject to the impact on Accuride's business and
prospects generally of, among other factors, market demand in the
commercial vehicle industry, general economic, business and financing
conditions, labor relations, governmental action, competitor pricing
activity, expense volatility and other risks detailed from time to time
in Accuride's Securities and Exchange Commission filings, including
those described in Item 1A of Accuride's Annual Report on Form 10-K for
the fiscal year ended December 31, 2008. Any forward-looking statement
reflects only Accuride's belief at the time the statement is made.
Although Accuride believes that the expectations reflected in these
forward-looking statements are reasonable, it cannot guarantee its
future results, levels of activity, performance or achievements. Except
as required by law, Accuride undertakes no obligation to update any
forward-looking statements to reflect events or developments after the
date of this news release.

SOURCE: Accuride Corporation

Accuride Corporation 
Investor Contact: 
Todd Taylor, 812-962-5105 
or 
Media Contact: 
Eva Schmitz, 812-962-5011

For full details on (AURD) AURD. (AURD) has Short Term PowerRatings at TradingMarkets. Details on (AURD) Short Term PowerRatings is available at This Link.