Univar Inc. Announces Launch of Initial Public Offering of Common Stock
08 June 2015
DOWNERS GROVE, Ill. – June 8, 2015 – Univar Inc., a global chemical distributor and provider of value-added services, announced today that it has commenced an initial public offering of 20,000,000 shares of common stock pursuant to a registration statement on Form S-1, as amended, filed with the U.S. Securities and Exchange Commission (SEC). The initial public offering price is currently expected to be between $20.00 and $22.00 per share. The underwriters have a 30-day option to purchase up to an additional 3,000,000 shares of common stock from certain of our stockholders.
The company intends to use the proceeds of the offering and a concurrent private placement principally to redeem, repurchase, or otherwise acquire or retire $650 million of its outstanding Subordinated Notes due in 2017 and 2018, pay associated fees and expenses, and for general corporate purposes.
Deutsche Bank Securities, Goldman, Sachs & Co., and BofA Merrill Lynch are acting as joint book-running managers. Additional book-running managers are Barclays Capital Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Jefferies LLC, and Morgan Stanley & Co. LLC.
The offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the securities being offered may be obtained, when available, from:
- Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by email to email@example.com, or by telephone at (800) 503-4611.
- Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, by email to firstname.lastname@example.org, by telephone at (866) 471-2526, or by fax at (212) 902-9316.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these shares in any state in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any state.