WEST CHESTER, Pa., June 12 /PRNewswire/ -- CDRV Investors, Inc. ("CDRV
Investors"), the parent company of VWR International, Inc., today announced
that Varietal Distribution Merger Sub, Inc. ("Varietal Merger Sub") intends
to offer to sell and issue an aggregate of $675,000,000 principal amount of
senior notes due 2015 (the "Notes").
The Notes will be issued as part of the financing that will be used to
consummate the previously announced acquisition of CDRV Investors by an
affiliate of Madison Dearborn Partners, LLC (the "Merger"). The net
proceeds from the offering of the Notes, together with other financing
sources, will be used to consummate the Merger. Concurrently with the
closing of the offering of the Notes, Varietal Merger Sub will be merged
with and into CDRV Investors, and CDRV Investors will assume the
obligations under the Notes.
The Notes have not been registered under the Securities Act of 1933, as
amended (the "Securities Act"), and, unless so registered, may not be
offered or sold in the United States absent registration or an applicable
exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act and other applicable securities laws.
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 the Notes
in any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws
of any such jurisdiction.
The consummation of the Merger is subject to customary closing
conditions, including certain European antitrust approvals. Each party's
obligation to consummate the Merger is subject to certain other conditions,
including (i) subject to materiality or material adverse effect
qualifications, the accuracy of the representations and warranties of the
other party, (ii) performance in all material respects by the other party
of its obligations under the agreement relating to the Merger, and (iii) in
the case of Varietal Merger Sub and its parent, the absence of a material
adverse effect with respect to CDRV Investors.
SOURCE VWR International, Inc.
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CONTACT:
Robin Gervasoni of VWR International, Inc.,
+1-610-430-7258, +1-610-719-0799, fax, or robin_gervasoni@vwr.com
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