Formed Part (How to model?)

[mbuller]

Refer to Formed Part.JPG
I need guidance making the green part. I don't know how to make the feature circled in red.

Refer to Pic.JPG
The plate will be pressed against rods. Once pressed, the part will form around the rod.

 

[BrandonKlar]

I would use a sweep feature to accomplish what I think you are trying to accomplish.