Colfax Corp : Colfax Corporation Announces Pricing of Common Stock Offering
COLFAX CORPORATION ANNOUNCES PRICING OF COMMON STOCK OFFERING
Fulton, MD - May 7, 2013 - Colfax Corporation ("Colfax") (NYSE: CFX), a leading global manufacturer of gas- and fluid-handling and fabrication technology products and services, today announced that Colfax and BDT Capital Partners, LLC and certain of its
affiliated entities ("BDT Capital") priced an aggregate of 10,000,000 shares of common stock in a registered underwritten public offering at a price per share of $44.25. Colfax sold 7,000,000 shares in the offering and BDT Capital sold 3,000,000 shares. The underwriters have a 30-day option to purchase up to an additional 500,000 shares from Colfax and up to an additional 1,000,000 shares from BDT Capital. Settlement of the offering is expected to occur on May 13. Colfax expects to use the proceeds from the sale of the common stock for general corporate purposes, which may include acquisitions, repayment of debt, additions to working
capital and capital expenditures. The Company will not receive any proceeds from the sale of shares of common stock by BDT Capital.
Deutsche Bank Securities is acting as sole book-running manager for the offering. BofA Merrill Lynch and Citigroup are acting as co-lead managers for the offering.
The public offering is being made only by means of a prospectus and related prospectus supplement, copies of which may be obtained, when available, from Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, telephone (800) 503-4611, or by emailing firstname.lastname@example.org.
stock is being offered pursuant to an effective registration statement filed with the Securities and Exchange Commission. 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 registration or qualification under the securities laws of any such state or jurisdiction.
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About Colfax Corporation
Colfax Corporation is a diversified global manufacturing and engineering company that provides gas- and fluid-handling and fabrication
technology products and services to commercial and governmental customers around the world under the Howden, Colfax Fluid Handling and ESAB brands. Colfax believes that its brands are among the most highly recognized in each of the markets that it serves. Colfax is traded on the NYSE under the ticker "CFX."
About BDT Capital Partners, LLC
BDT Capital Partners, LLC provides family-owned and entrepreneurially led companies with long-term capital, solutions-based advice and access to an extensive network of world-class family businesses. Based in
Chicago, BDT Capital is a merchant bank structured to provide advice and capital that address the unique needs of closely held businesses. The firm has a $3 billion investment fund as well as an investor base with the ability to co-invest significant additional capital. Through its advisory business, BDT & Company works with family businesses to pursue their long-term strategic and financial objectives.
CAUTIONARY NOTE CONCERNING FORWARD LOOKING STATEMENTS:
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning Colfax's plans, objectives, expectations and intentions and other statements that are not historical or current fact. Forward-looking statements are based on Colfax's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause Colfax's results to differ materially from current expectations include, but are not limited to factors detailed in Colfax's reports filed with the U.S. Securities and Exchange Commission including its 2012 Annual Report on Form 10-K under the caption "Risk Factors." In addition, these statements
are based on a number of assumptions that are subject to change. This press release speaks only as of this date. Colfax disclaims any duty to update the information herein.
The term "Colfax" in reference to the activities described in this press release may mean one or more of Colfax's global operating subsidiaries and/or their internal business divisions and does not necessarily indicate activities engaged in by Colfax Corporation.
Scott Brannan, Chief Financial Officer
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Source: Colfax Corp via Thomson Reuters ONE
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