PARTIAL NOTICE OF REDEMPTION
Mueller Water Products, Inc.
73/8% Senior Subordinated Notes due 2017
CUSIP No. 624758AB4
NOTICE IS HEREBY GIVEN pursuant to Section 3.03 of Article 3 of the Indenture, dated as of May 24, 2007 (as amended or supplemented, the “Indenture”), among Mueller Water Products, Inc. (the “Company”) and The Bank of New York Mellon (formerly The Bank of New York), as trustee (the “Trustee”), that the Company shall redeem in part (the “Redemption”) pursuant to Section 3.07 of Article 3 of the Indenture and Section 5 of the Notes (as defined below) on August 29, 2014 (the “Redemption Date”), at a redemption price equal to 101.229% of the principal amount of the Notes, $55,000,000 aggregate outstanding principal amount of the Company’s 73/8% Senior Subordinated Notes due 2017 (the “Notes”), together with accrued and unpaid interest on such Notes to be redeemed on the Redemption Date. The redemption price of the Notes and the accrued and unpaid interest thereon to the Redemption Date (together, the “Redemption Payment”) are as follows**:
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| Series | Redemption price, per $1,000 of principal amount of Notes | Accrued interest per $1,000 of principal amount of Notes from June 1, 2014 to the Redemption Date | Redemption Payment per $1,000 of principal amount of Notes |
73/8% Senior Subordinated Notes due 2017 | $1,012.29 | $18.03 | $1,030.32 |
The publication date will be July 30, 2014.
PLEASE TAKE FURTHER NOTICE that in order to receive the Redemption Payment, the Notes must be surrendered to the Trustee, as the paying agent (the “Paying Agent”), at the appropriate address set forth below, by such method as you deem appropriate. After the Redemption Date upon surrender of any Notes redeemed in part, a new Note or Notes in principal amount equal to the unredeemed portion will be issued upon cancellation of the original Note surrendered to the Trustee. If you mail your Notes, we recommend that for your own protection you may want to use registered mail, return receipt requested.
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| By First Class/ Registered/Certified Mail | By Express/Overnight Delivery | By Hand or In Person |
The Bank of New York Mellon, as trustee P.O. Box 396 East Syracuse, New York 13057 Attn: Corporate Trust Operations | The Bank of New York Mellon, as trustee 111 Sanders Creek East Syracuse, New York 13057 Attn: Corporate Trust Operations | The Bank of New York Mellon, as trustee 101 Barclay Street New York, New York 10286 Attn: Trust Services Window |
PLEASE TAKE FURTHER NOTICE that, unless the Company defaults in making the Redemption Payment, interest on Notes called for redemption will cease to accrue on and after the Redemption Date.
Under current United States federal income tax law, a Paying Agent making payment of interest or principal on the Notes may be obligated to withhold on the payment of the interest or principal payable to a holder of such Notes. Holders of Notes who are United States persons as defined in the Internal Revenue Code of 1986, as amended, who wish to avoid the application of these provisions should submit a completed IRS Form W-9 when presenting the Notes for payment and Holders of Notes who are not United States persons should submit an appropriate IRS Form W-8.
* The CUSIP numbers and ISIN numbers have been assigned to this issue by Standard & Poor’s Corporation and are included solely for the convenience of the holders of the Notes and no representation is hereby made regarding their correctness or accuracy.
** Unredeemed portion of any Holder’s Notes must be equal to $2,000 or an integral multiple of $1,000 in excess thereof.
Any questions regarding the foregoing may be directed to The Bank of New York Mellon, at:
111 Sanders Creek Parkway
East Syracuse, New York 13057
Attn: Bond Redemption Unit - Corporate Trust Operations
Tel: 1-800-254-2826
Mueller Water Products, Inc.
Dated: July 25, 2014
