LUXEMBOURG--(BUSINESS WIRE)--Orion Engineered Carbons S.A. (NYSE: OEC) (the “Company” or “Orion”)
announced today that Kinove Luxembourg Holdings 1 S.à.r.l. (“Kinove
Holdings”) and certain other sellers, including current and former
members of Orion’s management team, intend to offer an aggregate of
5,000,000 common shares of the Company in an underwritten public
offering, subject to market conditions. Kinove Holdings intends to offer
4,572,492 common shares and the other selling shareholders intend to
offer the remaining 427,508 shares. The selling shareholders will
receive all of the net proceeds from the sale of these shares.
In addition, the selling shareholders intend to grant the underwriters a
30-day option to purchase up to an additional 750,000 common shares at
the public offering price, less underwriting discounts.
Goldman, Sachs & Co. and UBS Investment Bank are acting as the joint
book-running managers for the proposed offering.
The offering will be made pursuant to an effective shelf registration
statement, prospectus and prospectus supplement filed by the Company.
Copies of the preliminary prospectus supplement and the accompanying
prospectus may be obtained from Goldman, Sachs & Co., Attention:
Prospectus Department, 200 West Street, New York, New York 10282,
telephone: 1-866-471-2526, email: prospectusny@ny.email.gs.com
or from UBS Securities LLC, Attention: Prospectus Department, 1285
Avenue of the Americas, New York, New York 10019, telephone:
888-827-7275.
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
high-performance as well as standard Gas Blacks, Furnace Blacks, Lamp
Blacks, Thermal Blacks and other Specialty 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.
With approximately 1,477 employees worldwide, Orion runs 14 global
production sites and four Applied Technology Centers.
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.
