Univar Inc. Prices Initial Public Offering of Common Stock
17 June 2015
DOWNERS GROVE, Ill. – June 17, 2015 – Univar Inc., a global chemical distributor and provider of value-added services, announced today the pricing of its initial public offering of 35,000,000 shares of common stock at a price to the public of $22.00 per share. Univar Inc. will sell 20,000,000 shares and certain of our stockholders will sell 15,000,000 shares in the offering. The shares are expected to begin trading on the New York Stock Exchange under the symbol “UNVR” on June 18, 2015. The underwriters have a 30-day option to purchase up to an additional 5,250,000 shares of common stock from certain of our stockholders.
Univar Inc. intends to use the net proceeds of the offering, and a concurrent private placement, to redeem, repurchase, or otherwise acquire or retire $650 million of its outstanding Subordinated Notes due in 2017 and 2018 and pay associated fees and expenses, and for general corporate purposes. Univar Inc. will not receive any proceeds from the sale of shares by the selling stockholders.
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 firstname.lastname@example.org, or by telephone at (800) 503-4611.
- Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, by email to email@example.com, by telephone at (866) 471-2526, or by fax at (212) 902-9316.
A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission (SEC). 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.