Vertiv Announces Commencement of Secondary Offering of 20,000,000 Shares of Common Stock
01 Novembro 2021 - 5:24PM
Business Wire
Vertiv Holdings Co (“Vertiv”) (NYSE: VRT), a global provider of
critical digital infrastructure and continuity solutions, today
announced the commencement of an underwritten secondary offering of
up to 20,000,000 shares of Vertiv’s Class A common stock by VPE
Holdings, LLC (“Platinum”), an affiliate of Platinum Equity, LLC,
pursuant to an effective registration statement on file with the
Securities and Exchange Commission (the “SEC”). In connection with
the offering, Platinum intends to grant to the underwriters a
30-day option to purchase up to 3,000,000 additional shares of
Vertiv’s Class A common stock.
The closing of the offering is expected to occur on or about
November 4, 2021 (the “Closing”), subject to customary closing
conditions. Following the Closing, Platinum will remain Vertiv’s
largest stockholder, owning at least 36,880,215 shares of Class A
common stock, representing an economic interest of approximately
9.8% in Vertiv. Vertiv is not selling any shares of Class A common
stock in the offering and will not receive any proceeds from the
offering. J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC
and Citigroup are acting as joint book-running managers of, and as
the underwriters for, the offering.
Vertiv has filed a registration statement (including a
prospectus) with the SEC for the offering to which this
communication relates, and the offering may only be made by means
of such written prospectus. Before you invest, you should read the
prospectus included in the registration statement on file with the
SEC and other documents Vertiv has filed with the SEC for more
complete information about Vertiv and this offering. Copies of
these documents may be obtained for free by visiting EDGAR on the
SEC website at www.sec.gov. Alternatively, Vertiv, any underwriter,
or any dealer participating in the offering will arrange to send
these documents if contacted at: J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, Attn: Prospectus Department, 1155
Long Island Avenue, Edgewood, NY 11717, or telephone:
1-866-803-9204 or by email at prospectus-eq_fi@jpmchase.com,
Goldman Sachs & Co. LLC, Prospectus Department, 200 West
Street, New York, New York 10282, telephone: 1-866-471-2526,
facsimile: 212-902-9316 or by emailing
prospectus-ny@ny.email.gs.com, or Citigroup, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717
(telephone: 1-800-831-9146).
This press release does not constitute an offer to sell or the
solicitation of an offer to buy 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 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 21,000 people and does business in more than 130
countries.
Category: Financial News
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 of E&I. 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 press release 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 SEC reports. These risk factors and
those identified elsewhere in this press release, among others,
could cause actual results to differ materially from historical
performance.
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version on businesswire.com: https://www.businesswire.com/news/home/20211101005952/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
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