Gencorp Will Redeem Notes at 100% Principal; $75M Notes Outstanding, Will Use Cash to Fund Redemption

GenCorp Inc.

today announced that it has given an irrevocable notice for the redemption of all of its outstanding 9 1/2% Senior Subordinated Notes due 2013 (the "Notes").  The Notes, which have an outstanding principal balance of $74,963,000, will be redeemed on May 23, 2012 at 100% of the principal amount plus accrued and unpaid interest to the redemption date.  The Company intends to fund the redemption through the use of its cash on hand.