ATLANTA, Sept. 20, 2018 /PRNewswire/
-- Veritiv Corporation (NYSE: VRTV) today announced the
pricing of an underwritten public offering of 1,500,000 shares of
its common stock by UWW Holdings, LLC, one of its existing
stockholders and the former parent company of Unisource Worldwide,
Inc. Morgan Stanley & Co. LLC is acting as the sole underwriter
of the offering. The Company is not selling any shares of
common stock in the offering, and the Company will not receive any
proceeds from the offering by the selling stockholder.
Subject to the satisfaction of customary conditions, the offering
is expected to close on September 25,
2018.
The underwriter proposes to offer the Company's common stock
from time to time for sale in one or more transactions on the New
York Stock Exchange (the "NYSE"), in the over-the-counter market,
through negotiated transactions or otherwise at market prices
prevailing at the time of sale, at prices related to such
prevailing market prices or at negotiated prices.
A registration statement (including prospectus) relating to
these securities was filed with and declared effective by the
Securities and Exchange Commission (the "SEC"). Information about
the offering is available in the prospectus supplement to be filed
by the Company with the SEC. When available, copies of the
prospectus supplement and the accompanying prospectus relating to
the offering may be obtained by contacting Morgan Stanley & Co.
LLC, Attention: Prospectus Department, 180 Varick Street, 2nd
Floor, New York, New York
10014.
The offering of these securities is being made solely by means
of a prospectus supplement and the accompanying prospectus.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of any
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Veritiv
Veritiv Corporation (NYSE: VRTV),
headquartered in Atlanta and a
Fortune 500® company, is a leading North American
business-to-business distributor of packaging, facility solutions,
print and publishing products and services; and also a provider of
logistics and supply chain management solutions. Serving
customers in a wide range of industries, the Company has
approximately 160 operating distribution centers throughout the
U.S., Canada and Mexico, and employs approximately 8,900 team
members that help shape the success of its customers.
Safe Harbor Provision
Certain statements contained in
this press release regarding the proposed offering are
"forward-looking statements" subject to the safe harbor created by
the Private Securities Litigation Reform Act of 1995. Where
possible, the words "believe," "expect," "anticipate," "continue,"
"intend," "should," "will," "would," "planned," "estimated,"
"potential," "goal," "outlook," "may," "predicts," "could," or the
negative of such terms, or other comparable expressions have been
used to identify such forward-looking statements. All
forward-looking statements reflect only the Company's current
beliefs and assumptions, and are based on information currently
available to the Company. Accordingly, the statements are subject
to significant risks, uncertainties and contingencies, which could
cause the actual results to differ materially from those expressed
in, or implied by, these statements. Factors that could cause
actual results to differ materially from current expectations
include risks and other factors described under "Risk Factors" in
the Company's Annual Report on Form 10-K and elsewhere in the
Company's publicly available reports filed with the SEC, which
contain a discussion of various factors that may affect the
Company's business or financial results. The Company is not
responsible for updating the information contained in this press
release beyond the published date, or for changes made to this
document by wire services or Internet service providers.
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SOURCE Veritiv Corporation