Orion Engineered Carbons S.A. Announces Pricing of Secondary Common Stock Offering
November 07 2017 - 10:37PM
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 Kinove Luxembourg Holdings 1 S.à
r.l. (“Kinove Holdings”) and certain other sellers, including
current and former members of Orion’s management team, have priced
an underwritten public offering of an aggregate of 10,000,000
common shares of the Company at a public offering price of $23.25
per share. Kinove Holdings has agreed to sell 9,076,696 common
shares and the other selling shareholders have agreed to sell the
remaining 923,304 shares. Orion will not be issuing or selling any
common shares, and will not receive any proceeds from the
offering.
In addition, the selling shareholders granted the underwriter a
30-day option to purchase up to an additional 1,500,000 common
shares.
Morgan Stanley & Co. LLC is acting as sole book-running
manager for the offering.
The offering is being made pursuant to an effective shelf
registration statement, prospectus and prospectus supplement filed
by the Company.
A registration statement (including a prospectus) 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. Before you invest, you should read the prospectus in that
registration statement and other documents the Company has filed
with the SEC for more complete information about the Company and
this offering. The base prospectus for the offering is available on
the Securities and Exchange Commission’s website at: https://www.sec.gov/Archives/edgar/data/1609804/000160980416000066/f-3ashelf.htm.
Alternatively, copies of the prospectus supplement and the
accompanying prospectus relating to the offering may be obtained
from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd
Floor, New York, New York 10014, Attention: Prospectus
Department.
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 global production sites and four Applied Technology
Centers. The group has approximately 1,463 employees worldwide.
Forward-Looking Statements
This document contains certain forward-looking statements,
including statements relating to the 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
832-589-2285Investor Relations
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