MacDermid Group, Inc. (the "Company"), which is expected to be the parent company of MacDermid Incorporated, announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined.
Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, and Deutsche Bank Securities Inc. will be bookrunning managers of the offering. Co-Managers on the offering will be Stifel Nicolaus & Co., Inc., Oppenheimer & Co., Inc., and RBC Capital Markets, LLC.
The Company expects to use the net proceeds of the offering to repay a portion of its outstanding debt and for general corporate purposes.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission 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. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering may be obtained for free, by visiting the SEC website at http://www.sec.gov. Alternatively, you may obtain a copy of the preliminary prospectus from Credit Suisse Attn: Prospectus Department, One Madison Avenue, NY, NY 10010; Morgan Stanley & Co. LLC Attn: Prospectus Department, 180 Varick Street, 2nd Floor, NY, NY 10014, or by email at prospectus@morganstanley.com; Deutsche Bank Securities Inc Attn.: Prospectus Department, Harborside Financial Center, 100 Plaza One, Jersey City, NJ 07311, or by email at prospectus.cpdg@db.com.
About MacDermid Group, Inc.
MacDermid Group, Inc., through its affiliate MacDermid, Incorporated, manufactures a broad range of specialty chemicals which are used in multi-step technological processes. These specialty chemicals and processes together encompass the "dynamic chemistries" that we provide to our customers in the electronics, metal and plastic plating, graphic arts, and offshore oil production and drilling industries. Our business strategy is focused on maximizing cash flow through our "asset-lite, high-touch" business model with continued emphasis on innovation and technical service.
Forward-Looking Statements
Certain statements herein are "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the Company's current expectations or beliefs concerning future events, however, actual results of operations may differ materially from historical results or current expectations. Any such forward-looking statements are subject to various risks and uncertainties, including the risk factors which are set forth in the Company's Registration Statement on Form S-1 filed with the U.S. Securities and Exchange Commission today. The Company does not undertake to publicly update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts:
MacDermid Group, Inc.
Frank Monteiro, 720-479-3078
Senior
VP and CFO
http://www.macdermid.com
