ATLANTA--(BUSINESS WIRE)--OCI Resources LP (the “Partnership”) announced today the launch of its initial public offering of 5,000,000 common units representing limited partner interests in the Partnership pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (the “SEC”). In addition, the Partnership will grant the underwriters a 30-day option to purchase up to 750,000 additional common units at the initial public offering price. The Partnership will list its common units on the New York Stock Exchange under the symbol “OCIR.”
Upon conclusion of the offering, the public ownership will represent an approximate 25.1% limited partner interest in the Partnership, or an approximate 28.8% limited partner interest in the Partnership if the underwriters exercise their option to purchase additional common units in full. OCI Enterprises Inc., through certain of its subsidiaries, will hold a 2.0% general partner interest and the remaining limited partner interest in the Partnership.
Citigroup and Goldman, Sachs & Co. are acting as joint book-running managers, and Barclays and Credit Suisse are acting as co-managers, of the offering. The offering will be made solely by means of a written prospectus forming part of the effective registration statement. When available, a copy of the prospectus relating to the offering, which meets the requirements of Section 10 of the Securities Act of 1933, as amended, may be obtained from either of the following:
- Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone (800) 831-9146 or by email at email@example.com; or
- Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, or by telephone (866) 471-2526 or by email at firstname.lastname@example.org.
The preliminary prospectus may also be obtained, free of charge, at the SEC’s website at www.sec.gov under the registrant’s name, “OCI Resources LP.”
A registration statement relating to the common units has been filed with the SEC but has not yet become effective. The common units may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the common units referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.
ABOUT OCI RESOURCES LP
OCI Resources LP, a master limited partnership, operates the trona ore mining and soda ash production business of OCI Wyoming, L.P., one of the largest and lowest cost producers of natural soda ash in the world, serving a global market from its facility in the Green River Basin of Wyoming. The facility has been in operation for more than 50 years.
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Partnership’s other filings with the SEC. The Partnership undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.