Vertiv Announces Pricing of Secondary Offering by VPE Holdings, LLC, an affiliate of Platinum Equity, LLC
07 Agosto 2023 - 10:04PM
Business Wire
Vertiv Holdings Co (“Vertiv”) (NYSE: VRT), a global provider of
critical digital infrastructure and continuity solutions, today
announced the pricing of the previously announced underwritten
secondary offering of 20,000,000 shares of Vertiv’s Class A common
stock by VPE Holdings, LLC (“Platinum”), an affiliate of Platinum
Equity, LLC, pursuant to an effective registration statement on
file with the Securities and Exchange Commission (the “SEC”) and
Platinum’s registration rights agreement with Vertiv.
The closing of the offering is expected to occur on or about
August 9, 2023, subject to customary closing conditions. Vertiv is
not selling any shares of Class A common stock in the offering and
will not receive any proceeds from the offering. BofA Securities is
acting as sole underwriter for the offering.
Vertiv has filed a registration statement (including a
prospectus) with the SEC for the offering to which this
communication relates, and the offering may only be made by means
of such written prospectus. Before you invest, you should read the
prospectus included in the registration statement on file with the
SEC and other documents Vertiv has filed with the SEC for more
complete information about Vertiv and this offering. Copies of
these documents may be obtained for free by visiting EDGAR on the
SEC website at www.sec.gov. Alternatively, Vertiv, BofA Securities,
or any dealer participating in the offering will arrange to send
these documents if contacted at: BofA Securities, NC1-022-02-25,
201 North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus
Department or by email at dg.prospectus_requests@bofa.com.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities in any state or
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 jurisdiction.
About Vertiv Holdings Co
Vertiv (NYSE: VRT) brings together hardware, software, analytics
and ongoing services to ensure its customers’ vital applications
run continuously, perform optimally and grow with their business
needs. Vertiv solves the most important challenges facing today’s
data centers, communication networks and commercial and industrial
facilities with a portfolio of power, cooling and IT infrastructure
solutions and services that extends from the cloud to the edge of
the network. Headquartered in Westerville, Ohio, USA, Vertiv does
business in more than 130 countries.
Category: Financial News
Cautionary Note Concerning
Forward-Looking Statements
This news release, and other statements that Vertiv may make in
connection therewith, may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act. This
includes, without limitation, statements regarding the financial
position, capital structure, indebtedness, business strategy and
plans and objectives of Vertiv management for future operations, as
well as statements regarding growth, anticipated demand for our
products and services and our business prospects during 2023. These
statements constitute projections, forecasts and forward-looking
statements, and are not guarantees of performance. Vertiv cautions
that forward-looking statements are subject to numerous
assumptions, risks and uncertainties, which change over time. Words
such as “anticipate,” “believe,” “continue,” “could,” “estimate,”
“expect,” “intend,” “may,” “might,” “plan,” “possible,”
“potential,” “predict,” “project,” “should,” “strive,” “would” and
similar expressions may identify forward-looking statements. Vertiv
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required under applicable securities
laws.
The forward-looking statements contained or incorporated by
reference in this press release are based on current expectations
and beliefs concerning future developments and their potential
effects on Vertiv. There can be no assurance that future
developments affecting Vertiv will be those that Vertiv has
anticipated. Should one or more of these risks or uncertainties
materialize, or should any of the assumptions prove incorrect,
actual results may vary in material respects from those projected
in these forward-looking statements. Vertiv has previously
disclosed risk factors in its SEC reports. These risk factors and
those identified elsewhere in this press release, among others,
could cause actual results to differ materially from historical
performance.
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version on businesswire.com: https://www.businesswire.com/news/home/20230807836279/en/
For investor inquiries, please contact: Lynne Maxeiner
Vice President, Global Treasury & Investor Relations Vertiv T
+1 614-841-6776 E: lynne.maxeiner@vertiv.com For media
inquiries, please contact: Peter Poulos FleishmanHillard for
Vertiv T +1 646-284-4991 E: peter.poulos@fleishman.com
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