OCI N.V. announced today that its subsidiary, OCI Partners LP (the “Partnership”), has commenced an initial public offering of 17,500,000 common units representing limited partner interests in the Partnership (“Common Units”) pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (“SEC”). The Partnership intends to grant the underwriters a 30-day option to purchase up to an additional 2,625,000 Common Units. The Common Units have been approved for listing on the New York Stock Exchange and will trade under the symbol “OCIP.”
The offering represents a 21.7% limited partner interest in the Partnership, or a 25.0% limited partner interest if the underwriters exercise in full their option to purchase additional Common Units. OCI NV, through certain of its subsidiaries, will hold a non-economic general partner interest and the remaining limited partner interest in the Partnership.
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 will be made only by means of a written prospectus. When available, 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: (800) 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 the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. 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.
