PQ Group Holdings Announces Secondary Offering of 12,500,000 Shares of Common Stock by Selling Stockholders
April 26 2021 - 4:31PM
Business Wire
PQ Group Holdings Inc. (NYSE: PQG) (the “Company”) today
announced that certain of its stockholders (the “Selling
Stockholders”) intend to offer for sale 12,500,000 shares of its
common stock pursuant to the Company’s shelf registration statement
filed with the Securities and Exchange Commission. In addition, the
Selling Stockholders have granted the underwriters a 30-day option
to purchase up to 1,875,000 additional shares at the public
offering price less underwriting discounts and commissions.
The Selling Stockholders will receive all of the net proceeds
from this offering. No shares are being sold by the Company.
Citigroup, Deutsche Bank Securities and Credit Suisse are
serving as the joint lead book-running managers of the offering.
BMO Capital Markets, Morgan Stanley, Jefferies and KeyBanc Capital
Markets are also serving as book-running managers of the offering.
C.L. King & Associates are serving as a co-manager of the
offering.
An automatic shelf registration statement (including a
prospectus) relating to the offering of common stock was filed with
the Securities and Exchange Commission (“SEC”) on April 26, 2021
and became effective upon filing. Before you invest, you should
read the prospectus included in that registration statement and the
documents incorporated by reference in that registration statement
as well as the prospectus supplement related to this offering. You
may obtain these documents for free by visiting EDGAR on the SEC
website at www.sec.gov. When available, copies of the prospectus
supplement and accompanying prospectus related to the offering may
also be obtained from Citigroup, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel:
800-831-9146) or Deutsche Bank Securities Inc., Attention:
Prospectus Department, 60 Wall Street, New York NY, 10005, by
telephone at 1-800-503-4611 or by email at
prospectus.cpdg@db.com.
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 other jurisdiction in which such
an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or other jurisdiction. Any offer may be withdrawn or revoked,
without obligation or commitment of any kind, at any time prior to
notice of its acceptance given after the effective date.
About PQ Group Holdings Inc.
PQ Group Holdings Inc. and subsidiaries is a leading integrated
and innovative global provider of specialty catalysts, chemicals
and services. We support customers globally through our
strategically located network of manufacturing facilities. We
believe that our products, which are predominantly inorganic, and
services contribute to improving the sustainability of the
environment.
We have three uniquely positioned specialty businesses:
Refining Services provides sulfuric acid recycling to the
North American refining industry; Catalysts serves the
packaging and engineering plastics and the global refining,
petrochemical and emissions control industries; and Performance
Chemicals supplies diverse product end uses, including personal
and industrial cleaning products, fuel-efficient tires, surface
coatings, and food and beverage products.
Investors: Nahla A. Azmy (610) 651-4561
Nahla.Azmy@pqcorp.com
Forward-Looking Statement
This press release includes statements that express our
opinions, expectations, beliefs, plans, objectives, assumptions or
projections regarding future events or future results and therefore
are, or may be deemed to be, “forward-looking statements.” These
forward-looking statements can generally be identified by the use
of forward-looking terminology, including the terms “believes,”
“expects,” “may,” “will,” “should,” “seeks,” “projects,”
“approximately,” “intends,” “plans,” “estimates” or “anticipates,”
or, in each case, their negatives or other variations or comparable
terminology. By their nature, forward-looking statements involve
risks and uncertainties because they relate to events and depend on
circumstances that may or may not occur in the future, including
risks and uncertainties relating to the consummation of the
proposed offering by the Selling Stockholders and the risks
identified, or incorporated by reference, in the prospectus
supplement or accompanying prospectus.
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version on businesswire.com: https://www.businesswire.com/news/home/20210426005846/en/
Investors: Nahla A. Azmy (610) 651-4561
Nahla.Azmy@pqcorp.com
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