August 7, 2014 [MarketWatch] - VTTI Energy Partners LP announced the closing of its initial public offering of 20,125,000 common units representing limited partner interests in VTTI at $21.00 per common unit.
The common units sold at closing included 2,625,000 common units sold pursuant to the underwriters’ option to purchase additional common units, which was exercised in full prior to closing. The common units were sold by VTTI MLP Partners B.V., a wholly-owned subsidiary of VTTI B.V., and began trading on the New York Stock Exchange on August 1, 2014 under the ticker symbol “VTTI”.
The common units sold to the public represent a 49.0% limited partner interest in VTTI. The Selling Unitholder owns, directly or indirectly, a 2.0% general partner interest and the remaining limited partner interest in VTTI.
Citigroup, J.P. Morgan, BofA Merrill Lynch, Credit Suisse, Deutsche Bank Securities, and Wells Fargo Securities acted as joint book-running managers for the offering, and Rabobank, MUFG, BNP Paribas, HSBC, Societe Generale, SMBC Nikko, Credit Agricole CIB, and ING acted as co-managers for the offering. The offering of these securities was made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933.
A registration statement relating to these securities has been filed with, and declared effective by, the SEC. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
About VTTI Energy Partners LP
VTTI Energy Partners LP is a limited partnership formed in April 2014 by VTTI B.V. to own, operate, develop and acquire refined petroleum product and crude oil terminaling and related energy infrastructure assets on a global scale.
