Share Issue/Capital Change • Oct 4, 2013
Share Issue/Capital Change
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Amsterdam, the Netherlands / 4 October 2013 8:30 AM
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:
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.
OCI Partners LP owns and operates a recently upgraded, integrated methanol and ammonia production facility that is strategically located on the Texas Gulf Coast near Beaumont. The facility is the largest merchant methanol producer in the United States with an annual methanol production capacity of approximately 730,000 metric tons and an annual ammonia production capacity of approximately 265,000 metric tons. The facility is currently undertaking a debottlenecking project that will increase its annual methanol production capacity by 25% to approximately 912,500 metric tons and its annual ammonia production capacity by 15% to approximately 305,000 metric tons. The project is expected to be complete during 3Q 2014.
OCI N.V. is a global nitrogen-based fertilizer producer and engineering & construction contractor based in the Netherlands. The Fertilizer Group owns and operates nitrogen fertilizer plants in the Netherlands, the United States, Egypt and Algeria and has an international distribution platform spanning from the Americas to Asia. The Fertilizer Group ranks among the world's top fertilizer producers with a fertilizer production capacity of nearly 7 million metric tons. The Construction Group provides international engineering and construction services primarily on infrastructure, industrial and high-end commercial projects in the United States, Europe, the Middle East, North Africa and Central Asia for public and private clients. The Construction Group ranks among the world's top global contractors. OCI N.V. employs more than 75,000 people in 35 countries around the globe and is listed on the NYSE Euronext in Amsterdam.
Omar Darwazah Email: [email protected]
Erika Wakid Email: [email protected]
Hassan Badrawi Email: [email protected] Director
Tel: +44 207 439 4801
Fax: +44 207 439 4802
For additional information on OCI N.V.:
Mijnweg 1, 6167 AC Geleen, The Netherlands
OCI N.V. stock symbols: OCI / OCI.NA / OCI.AS / OCINY
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