VWR Funding, Inc. Announces Proposed Offering Of Senior Secured Term Loan Due 2017
RADNOR, Pa., Jan. 24, 2013 /PRNewswire/ -- VWR Funding, Inc. (the " Company"), the parent company of VWR International, LLC, a global distributor of laboratory supplies and services, announced today that it intends to commence an offering of $200 million in aggregate principal amount of senior secured term loans due April 3, 2017 (the " Loan"). The Loan will be senior secured obligations of the Company and will be guaranteed by certain of its domestic subsidiaries. The Loan will be issued with substantially the same terms and conditions as the company's existing Extended Dollar Term Loans with the addition of a 12 month 101 soft call. Citigroup Global Markets Inc. will act as sole lead arranger and bookrunner for the proposed senior secured term loan due 2017.
The Company intends to use the net proceeds from the sale of the Loans to redeem a portion of its Non-Extended Dollar term loans due June 29, 2014.
Forward Looking StatementsAny statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identifiable by use of the words "believes," "expects," "intends," "anticipates," "plans to," "estimates," "projects," or similar expressions. Such statements may include, but are not limited to, statements about the Company's business outlook and financial guidance and other statements that are not historical facts. Such statements are based upon the beliefs and expectations of the Company's management as of this date only and are subject to certain risks and uncertainties that could cause the actual results to differ materially, including, without limitation, those items identified as "risk factors" in the Company's most recently filed Form 10-K and Form 10-Q. Therefore, readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements other than through its various filings with the Securities and Exchange Commission.
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