Citigroup, Goldman, Sachs & Co., Deutsche Bank Securities and J.P. Morgan are lead book-running managers for the offering. Additional book-running managers are BofA Merrill Lynch, Barclays, Credit Suisse and Morgan Stanley. Co-managers are Jefferies, UBS Investment Bank, Baird, BB&T Capital Markets, Nomura and SMBC Nikko.
Axalta Coating Systems Ltd. has priced and upsized its initial public offering from 45,000,000 to 50,000,000 of its common shares at US$19.50 per share. The shares began trading on Wednesday, November 12, 2014 on the New York Stock Exchange under the ticker symbol "AXTA." All of the shares are being offered by certain affiliates of The Carlyle Group (the "selling shareholders"). The selling shareholders have also granted the underwriters a 30-day option to purchase up to an additional 7,500,000 common shares. Axalta will not receive proceeds from the offering, including from any exercise by the underwriters of their option to purchase additional common shares.
Citigroup, Goldman, Sachs & Co., Deutsche Bank Securities and J.P. Morgan are lead book-running managers for the offering. Additional book-running managers are BofA Merrill Lynch, Barclays, Credit Suisse and Morgan Stanley. Co-managers are Jefferies, UBS Investment Bank, Baird, BB&T Capital Markets, Nomura and SMBC Nikko.
A registration statement relating to these securities has been filed with, and declared effective on November 10, 2014 by the Securities and Exchange Commission (SEC). The offering of these securities is being made only by means of a written prospectus forming part of the effective registration statement. A copy of the final prospectus related to the offering will be filed with the SEC, which may be obtained, when available, from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York, USA 11717 or telephone +1 800 831 9146; Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, New York, USA 10282, telephone +1 866 471 2526 or email prospectus-ny@ny.email.gs.com; Deutsche Bank Securities Inc., Attn: Prospectus Group, 60 Wall Street, New York, New York, USA 10005, telephone +1 800 503 4611 or email: prospectus.CPDG@db.com; and J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, New York, USA 11717 or telephone +1 866 803 9204.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, 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.
For more information: www.axaltacs.com