OCI N.V. announced today that its subsidiary, OCI Partners LP (the “Partnership”), has priced its initial public offering of 17,500,000 common units representing limited partner interests in the Partnership (“Common Units”) at US$ 18 per Common Unit. The Common Units are expected to begin trading on the New York Stock Exchange on October 4, 2013 under the ticker symbol “OCIP.” The offering is expected to close on or about October 9, 2013, subject to customary closing conditions.
Upon completion of the offering, the public will own a 21.7% limited partner interest in the Partnership. OCI USA Inc., an indirect wholly owned subsidiary of OCI N.V., will own a 78.3% limited partner interest in the Partnership.
OCI Partners LP priced at US$ 18 per Common Unit resulting in an enterprise value of approximately US$ 2 billion.
BofA Merrill Lynch, Barclays and Citigroup are acting as joint book-running managers for the offering. Allen & Company LLC and J.P. Morgan are co-managers for the offering. This offering of Common Units is being made only by means of a written prospectus. A written prospectus, which meets the requirements of Section 10 of the Securities Act of 1933, may be obtained from:
BofA Merrill Lynch
222 Broadway
New York, NY 10038
Attention: Prospectus Department
Email: [email protected]
Barclays
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Phone: (888) 603-5847
Email: [email protected]
Citigroup
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Phone: (800) 831-9146
Email: [email protected]
A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission (“SEC”). The registration statement is available on the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described above, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
