Orion Engineered Carbons S.A. Announces Exercise and Closing of Greenshoe Option
August 29 2017 - 4:00PM
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.
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Orion Engineered Carbons S.A.Diana Downey, +1
832-445-3865Investor Relations
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