Orion Engineered Carbons S.A. Announces Exercise and Closing of Greenshoe Option

Tuesday, August 29, 2017 3:00 pm CDT

Dateline:

LUXEMBOURG

Public Company Information:

NYSE:
OEC

LUXEMBOURG--(BUSINESS WIRE)--Orion Engineered Carbons S.A. (NYSE: OEC) (the “Company” or “Orion”), a worldwide supplier of specialty and high-performance Carbon Black, announced today that the underwriters of the recently closed offering of 10,000,000 Orion common shares, sold by Kinove Luxembourg Holdings 1 S.à r.l. (“Kinove Holdings”) and current and former members of Orion’s management team, have partially exercised their option to purchase an additional 227,327 shares on the same terms as the initial shares. Kinove Holdings sold 206,338 of the additional shares and the other selling shareholders sold the remaining 20,989 shares. Kinove Holdings and the other selling shareholders received all of the net proceeds from the sale of these shares.

Barclays Capital Inc. and Morgan Stanley & Co. LLC acted as the joint book-running managers for the offering.

The offering was made pursuant to an effective shelf registration statement, prospectus and prospectus supplement filed by the Company. Copies of the prospectus supplement and the accompanying prospectus may be obtained from Barclays Capital Inc., 745 7th Ave, New York, New York 10019 or from Morgan Stanley & Co. LLC, 1585 Broadway, New York, New York 10036 email: prospectus@morganstanley.com.

A registration statement relating to the Company’s common stock has been filed with the U.S. Securities and Exchange Commission and was declared effective on April 1, 2016. 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 securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Orion Engineered Carbons

Orion is a worldwide supplier of Carbon Black. We produce a broad range of Carbon Blacks that include high-performance Specialty Gas Blacks, Furnace Blacks, Lamp Blacks, Thermal Blacks and other Carbon Blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, tires, and mechanical rubber goods such as automotive belts and hoses. Orion runs 14 production sites globally and four Applied Technology Centers. The group has approximately 1,440 employees worldwide.

Forward-Looking Statements

This document contains certain forward-looking statements, including statements relating to the proposed offering. These statements constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements of future expectations that are based on current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. New risk factors and uncertainties emerge from time to time and it is not possible to predict all risk factors and uncertainties, nor can we assess the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information, other than as required by applicable law.

Contact:

Orion Engineered Carbons S.A.
Diana Downey, +1 832-445-3865
Investor Relations

Orion Engineered Carbons (OEC)
Exchange NYSE (US Dollar)
Price
Change
Change (%)
Volume
Data as of
Minimum 20 minute delay
Refresh quote

Investor Resources

Investor Contact

Orion Engineered Carbons S.A.
6, Route de Trèves
L-2633 Senningerberg (Municipality of Niederanven)
Grand Duchy of Luxembourg
Phone: +352 270 48 06 0
investor-relations@orioncarbons.com

Orion Engineered Carbons LLC
4501 Magnolia Cove Drive Suite 106
Kingwood, TX 77345
Diana Downey
Vice President Finance and Controlling, Americas
Phone +1 832-445-3865
diana.downey@orioncarbons.com

Business Wire InvestorHQsm