Orion Engineered Carbons S.A. Announces Closing of Secondary Common Stock Offering
December 08 2017 - 1:00PM
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 the closing of the secondary offering
of an aggregate of 12,657,799 common shares of the Company by
Kinove Luxembourg Holdings 1 S.à r.l. (“Kinove Holdings”) and
certain other sellers, including current and former members of
Orion’s management team, in an underwritten public offering at a
price to the public of $23.10 per share. Kinove Holdings sold
11,724,286 common shares and the other selling shareholders sold
the remaining 933,513 shares. The selling shareholders received all
of the net proceeds from the sale of these shares.
Certain of the Company’s officers purchased an aggregate of
126,700 common shares in the offering.
Goldman Sachs & Co. LLC and Morgan Stanley acted as 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. The prospectus supplement and accompanying
prospectus are available on the Securities and Exchange
Commission’s website at:
https://www.sec.gov/Archives/edgar/data/1609804/000119312517362885/d444331d424b7.htm.
Alternatively, copies of the prospectus supplement and the
accompanying prospectus relating to the offering may be obtained
from Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200
West Street, New York, NY 10282, telephone: (212) 902-1171,
facsimile: 212-902-9316, e-mail: prospectus-ny@ny.email.gs.com or
Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor,
New York, New York 10014, Attention: Prospectus Department.
A registration statement relating to the Company’s common stock
has been filed with the 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 global production sites and four Applied Technology
Centers. The group has approximately 1,457 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.Investor RelationsDiana Downey, +1
832-589-2285
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