VTTI rolls out IPO

VTTI has launched its IPO of 17.5 million shares at $21 per share. The stock began trading Friday on the NYSE under the ticker symbol “VTTI.” Citigroup, J.P. Morgan, BofA Merrill Lynch, Credit Suisse, Deutsche Bank Securities and Wells Fargo Securities are the lead underwriters. VTTI is a limited partnership that owns, develops and acquires refined petroleum product and crude oil terminaling and related energy infrastructure assets.

PRESS RELEASE

ROTTERDAM/LONDON/NEW YORK – 31 July 2014 – VTTI Energy Partners LP (“VTTI”) today announced the pricing of its initial public offering of 17,500,000 common units representing limited partner interests at $21.00 per common unit. The common units are being sold by VTTI MLP Partners B.V. (the “Selling Unitholder”). The Selling Unitholder, has granted the underwriters an option to purchase up to an additional 2,625,000 common units at the initial public offering price. The common units are expected to begin trading on the New York Stock Exchange on August 1, 2014 under the ticker symbol “VTTI.” The offering is expected to close on August 6, 2014, subject to customary closing conditions.

Upon the consummation of the offering, the public will own an approximate 42.6% limited partner interest in VTTI (or an approximate 49.0% limited partner interest if the underwriters exercise in full their option to purchase additional common units). The Selling Unitholder will own the remaining approximate 55.4% limited partner interest in VTTI (or an approximate 49.0% limited partner interest if the underwriters exercise in full their option to purchase additional common units) and the general partner of VTTI.

Citigroup, J.P. Morgan, BofA Merrill Lynch, Credit Suisse, Deutsche Bank Securities, and Wells Fargo Securities are acting as joint book-running managers for the offering, and Rabobank, MUFG, BNP Paribas, HSBC, Societe Generale, SMBC Nikko, Credit Agricole CIB, and ING are acting as co-managers for the offering. The offering of these securities is being made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933. When available, a copy of the final prospectus may be obtained from:

Citigroup
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
1-800-831-9146

J.P. Morgan
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
1-866-803-9204

BofA Merrill Lynch
Attention: Prospectus Department
222 Broadway
New York, NY 10038
dg.prospectus_requests@baml.com

Credit Suisse Securities (USA) LLC
Attention: Prospectus Department
Eleven Madison Avenue
New York, NY 10010
1-800-221-1037

Deutsche Bank Securities
Attention: Prospectus Department
60 Wall Street
New York, NY 10005-2836
1-800-503-4611

Wells Fargo Securities
Attention: Equity Syndicate Dept
375 Park Avenue
New York, NY 10152
1-800-326-5897
cmclientsupport@wellsfargo.com

When available, to obtain a copy of the final prospectus free of charge, visit the SEC’s website at www.sec.gov.

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.

 

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