CLEVELAND, Feb. 23 /PRNewswire/ -- Noveon International, Inc. announced
today that it has filed a registration statement on Form S-1 with the
Securities and Exchange Commission for an initial public offering of shares of
its common stock. The securities to be offered will include primary shares to
be issued and sold by Noveon as well as secondary shares to be sold by certain
stockholders of Noveon. It is anticipated that a majority of the net proceeds
of the primary offering will be used to repay outstanding indebtedness.
Noveon will not receive any of the proceeds from the secondary shares sold by
the selling stockholders.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010523/CLW011LOGO-b )
Credit Suisse First Boston, Deutsche Bank Securities and UBS Securities
LLC will be the joint book-running managers for the offering. Goldman, Sachs
& Co. and Merrill Lynch & Co. will serve as co-managers. The number of shares
to be offered and the price range for the offering have not yet been
determined.
When available, a copy of the preliminary prospectus relating to the
offering may be obtained from either Credit Suisse First Boston LLC
(Prospectus Department, One Madison Avenue, New York, NY 10010; Tel:
+1 212-325-2580), Deutsche Bank Securities Inc. (Prospectus Department 60 Wall
Street, 4th Floor, New York, NY 10005, Tel.: +1-212-474-7392) or UBS
Securities LLC (ECMG Syndicate, 299 Park Avenue, New York, NY 10171, Tel.:
+1 212-713-2626).
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 the solicitation of an offer to buy nor shall
there be any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state.
Noveon International Inc. is a leading global producer and marketer of
technologically advanced specialty chemicals for a broad range of consumer and
industrial applications with revenues in 2003 of $1.1 billion. Noveon is
headquartered in Cleveland, Ohio, with regional centers in Brussels, Belgium,
and Hong Kong.
SOURCE Noveon International Inc.
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Related links:
http://www.noveoninc.com
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Company News On-Call:
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CONTACT:
Investor Relations & Media Contact, Sean
Stack of Noveon, Inc., +1-216-447-6494
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