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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Aug. 29, 10:38 AM

Slide #12. Univar Inc. Secondary Offering

Company: Univar Inc. (NYSE:UNVR)
Date announced: 8/15/2016
Shares Offered: 20,943,741
Date of Pricing: 8/16/2016
Price Per Share: $19.00
Secondary Offering Details: Univar Inc. (NYSE:UNVR) ("Univar") announced today the sale of 20,943,741 shares of Univar's common stock (representing approximately 15.2% of its issued and outstanding shares) by certain of its existing stockholders (the "Selling Stockholders"), including Univar N.V. and GSO COF Facility LLC, to Goldman, Sachs & Co., as the sole underwriter in the registered public offering of those shares. Univar N.V. holds shares the economic benefit of which are held by investment funds affiliated with CVC Capital Partners Advisory (U.S.) Inc. ("CVC"), investment funds affiliated with Parcom ("Parcom") and certain current and former members of management. The shares sold by Univar N.V. represent the economic interest of CVC and certain current and former members of management of Univar. Parcom will not sell any of its economic interest in Univar in this offering. The Selling Stockholders will receive all of the net proceeds from this offering. No shares are being sold by Univar. Following the offering, Univar N.V. will own 3,785,855 shares of Univar's common stock and all of these shares will be beneficially owned by Parcom. Following the offering, GSO COF Facility LLC will own no shares of Univar's common stock. -updated 8/16- Univar Inc. (NYSE:UNVR) ("Univar") announced today the pricing of the previously announced public offering of 20,943,741 shares of Univar's common stock (representing approximately 15.2% of its issued and outstanding shares) by Univar N.V. and GSO COF Facility LLC (the "Selling Stockholders") to Goldman, Sachs & Co., as the sole underwriter in the registered public offering of those shares, at a price to the public of $19.00 per share. Univar N.V. holds shares the economic benefit of which are held by investment funds affiliated with CVC Capital Partners Advisory (U.S.) Inc. ("CVC"), investment funds affiliated with Parcom ("Parcom") and certain current and former members of management. The shares sold by Univar N.V. represent the economic interest of CVC and certain current and former members of management of Univar. Parcom will not sell any of its economic interest in Univar in this offering. The offering is expected to close and settle on August 18, 2016. The Selling Stockholders will receive all of the net proceeds from this offering. No shares are being sold by Univar. Following the offering, Univar N.V. will own 3,785,855 shares of Univar's common stock and all of these shares will be beneficially owned by Parcom. Following the offering, GSO COF Facility LLC will own no shares of Univar's common stock.

Univar is a distributor of commodity and specialty chemicals. Co. sources chemicals from over 8,000 producers worldwide and provides a range of products and services to over 160,000 customer locations in over 150 countries. Co.'s operations are structured into four operating segments that represent the geographic areas under which it manages its business: Univar USA; Univar Canada; Univar Europe, the Middle East and Africa; and Rest of the World. The Rest of World segment includes certain developing businesses in Latin America (including Brazil and Mexico) and the Asia-Pacific region.

UNVR SEC Filing Email Alerts Service

Open the UNVR Page at The Online Investor »

Company Name:  Univar Inc
Website:  www.univar.com
Sector:  Specialty Chemicals
Number of ETFs Holding UNVR:  19
Total Market Value Held by ETFs:  $24.90M
Total Market Capitalization:  $2.72B
% of Market Cap. Held by ETFs:  0.92%
 

Open the UNVR Page at The Online Investor (in a new window) »

August 29, 2016    10:38 AM Eastern
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Buy (2.57 out of 4)
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