ROTTERDAM, Netherlands,
LONDON and NEW YORK, July 31, 2014 /PRNewswire/ --
VTTI Energy Partners LP ("VTTI") today announced the pricing of its
initial public offering of 17,500,000 common units representing
limited partner interests at $21.00
per common unit. The common units are being sold by VTTI MLP
Partners B.V. (the "Selling Unitholder"). The Selling
Unitholder, has granted the underwriters an option to purchase up
to an additional 2,625,000 common units at the initial public
offering price. The common units are expected to begin trading on
the New York Stock Exchange on August 1,
2014 under the ticker symbol "VTTI." The offering is
expected to close on August 6, 2014,
subject to customary closing conditions.
Upon the consummation of the offering, the public will own an
approximate 42.6% limited partner interest in VTTI (or an
approximate 49.0% limited partner interest if the underwriters
exercise in full their option to purchase additional common
units). The Selling Unitholder will own the remaining
approximate 55.4% limited partner interest in VTTI (or an
approximate 49.0% limited partner interest if the underwriters
exercise in full their option to purchase additional common units)
and the general partner of VTTI.
Citigroup, J.P. Morgan, BofA Merrill Lynch, Credit Suisse,
Deutsche Bank Securities, and Wells Fargo Securities are acting as
joint book-running managers for the offering, and Rabobank, MUFG,
BNP Paribas, HSBC, Societe Generale, SMBC Nikko, Credit Agricole
CIB, and ING are acting as co-managers for the offering. The
offering of these securities is being made only by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933. When available, a copy of the final prospectus
may be obtained from:
Citigroup
c/o Broadridge
Financial Solutions
1155 Long Island
Avenue
Edgewood, NY
11717
1-800-831-9146
|
J.P.
Morgan
c/o Broadridge
Financial Solutions
1155 Long Island
Avenue
Edgewood, NY
11717
1-866-803-9204
|
BofA Merrill
Lynch
Attention: Prospectus
Department
222
Broadway
New York, NY
10038
dg.prospectus_requests@baml.com
|
Credit Suisse
Securities (USA) LLC
Attention: Prospectus
Department
Eleven Madison
Avenue
New York, NY
10010
1-800-221-1037
|
Deutsche Bank
Securities
Attention: Prospectus
Department
60 Wall
Street
New York, NY
10005-2836
1-800-503-4611
|
Wells Fargo
Securities
Attention: Equity
Syndicate Dept
375 Park
Avenue
New York, NY
10152
1-800-326-5897
cmclientsupport@wellsfargo.com
|
When available, to obtain a copy of the final prospectus free of
charge, visit the SEC's website at www.sec.gov.
A registration statement relating to these securities has been
filed with and declared effective by the SEC. This press release
does not constitute an offer to sell or the solicitation of an
offer to buy securities, and shall not constitute an offer,
solicitation or sale in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of that jurisdiction.
About VTTI Energy Partners LP
VTTI Energy Partners LP is a limited partnership formed in
April 2014 by VTTI B.V. to own,
operate, develop and acquire refined petroleum product and crude
oil terminaling and related energy infrastructure assets on a
global scale.
Forward looking statements
This press release
may include forward-looking statements. These forward-looking
statements involve risks and uncertainties. When considering these
forward-looking statements, you should keep in mind the risk
factors and other cautionary statements in VTTI's prospectus and
SEC filings. VTTI undertakes no obligation and does not intend to
update these forward-looking statements to reflect events or
circumstances occurring after this press release. You are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release.
SOURCE VTTI Energy Partners LP