Vertiv Group Corporation Announces Pricing of Private Offering of $850 Million of Senior Secured Notes due 2028
14 Outubro 2021 - 05:56PM
Business Wire
Vertiv Holdings Co (“Vertiv”) (NYSE: VRT), a global provider of
critical digital infrastructure and continuity solutions, today
announced that a subsidiary, Vertiv Group Corporation (the
“Issuer”), priced its offering (the “Offering”) of $850 million
aggregate principal amount of its Senior Secured Notes due 2028
(the “Notes”) in a private placement at par. The Notes will bear
interest at 4.125% per annum and mature on Nov. 15, 2028. The
Issuer intends to use the net proceeds from the offering, together
with cash on hand, to finance the cash portion of the purchase
price of Vertiv’s pending acquisition of E&I Engineering
Ireland Limited and its affiliate, Powerbar Gulf LLC (collectively,
“E&I”), and to pay fees and expenses related to the E&I
acquisition and the offering. The Notes will be guaranteed on a
senior secured basis by Vertiv Intermediate Holdings II Corporation
and the existing and future wholly owned domestic restricted
subsidiaries of the Issuer (each, a “Guarantor”). The Notes will be
secured by liens on certain collateral from time to time owned by
the Issuer and each Guarantor, subject to certain exceptions. The
Offering is expected to close on Oct. 22, 2021, subject to
customary closing conditions.
The Notes have not been and will not be registered under the
Securities Act of 1933, as amended (the “Securities Act”), or any
state securities laws. The Notes may not be offered or sold within
the United States except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the
Securities Act and applicable state securities laws. The Notes will
be offered only to persons reasonably believed to be “qualified
institutional buyers” in reliance on the exemption from
registration provided by Rule 144A under the Securities Act and to
certain non-U.S. persons in offshore transactions in reliance on
Regulation S under the Securities Act.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities in any jurisdiction
in which such an offer, solicitation or sale would be unlawful.
About Vertiv Holdings Co
Vertiv (NYSE: VRT) brings together hardware, software, analytics
and ongoing services to ensure its customers’ vital applications
run continuously, perform optimally and grow with their business
needs. Vertiv solves the most important challenges facing today’s
data centers, communication networks and commercial and industrial
facilities with a portfolio of power, cooling and IT infrastructure
solutions and services that extends from the cloud to the edge of
the network. Headquartered in Columbus, Ohio, USA, Vertiv employs
approximately 20,000 people and does business in more than 130
countries. For more information, and for the latest news and
content from Vertiv, visit Vertiv.com.
Category: Financial News
About the E&I Engineering
Group
The E&I Engineering group is a global provider of electrical
switchgear and power distribution solutions with a proven track
record for quality, technical expertise and customer service. With
manufacturing facilities in Ireland, USA and United Arab Emirates,
E&I can design, deliver and install on a global scale. E&I
is globally recognized as a leader within the power distribution
industry. An extensive product range, specialist technical services
and a resolute focus on customer service delivers an unparalleled
service that provides peace of mind for all customers. All of its
products are manufactured in-house ensuring that all are of the
required specification and are commercially viable and fit for
purpose.
Cautionary Note Concerning
Forward-Looking Statements
This news release, and other statements that Vertiv may make in
connection therewith, may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act. This
includes, without limitation, statements regarding the financial
position, capital structure, indebtedness, business strategy and
plans and objectives of Vertiv management for future operations, as
well as statements regarding growth, anticipated demand for our
products and services and our business prospects during 2021, as
well as expected cost savings and synergies associated with the
Acquisition. These statements constitute projections, forecasts and
forward-looking statements, and are not guarantees of performance.
Vertiv cautions that forward-looking statements are subject to
numerous assumptions, risks and uncertainties, which change over
time. Words such as “anticipate,” “believe,” “continue,” “could,”
“estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,”
“potential,” “predict,” “project,” “should,” “strive,” “would” and
similar expressions may identify forward-looking statements. Vertiv
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required under applicable securities
laws.
The forward-looking statements contained or incorporated by
reference in this presentation are based on current expectations
and beliefs concerning future developments and their potential
effects on Vertiv. There can be no assurance that future
developments affecting Vertiv will be those that Vertiv has
anticipated. Should one or more of these risks or uncertainties
materialize, or should any of the assumptions prove incorrect,
actual results may vary in material respects from those projected
in these forward-looking statements. Vertiv has previously
disclosed risk factors in its Securities and Exchange Commission
reports. These risk factors and those in the preliminary offering
memorandum related to the Notes, among others, could cause actual
results to differ materially from historical performance.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211014006109/en/
For investor inquiries, please contact:
Lynne Maxeiner Vice President, Global Treasury & Investor
Relations Vertiv T +1 614-841-6776 E: lynne.maxeiner@vertiv.com
For media inquiries, please contact:
Scott Deitz FleishmanHillard for Vertiv T +1 336-908-7759 E:
scott.deitz@fleishman.com
Veritiv (NYSE:VRTV)
Gráfico Histórico do Ativo
De Fev 2024 até Mar 2024
Veritiv (NYSE:VRTV)
Gráfico Histórico do Ativo
De Mar 2023 até Mar 2024