5/31/2019 12:00:00 AM
Corporate
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Radnor, Pa., May 16, 2019 – Avantor, Inc. (“Avantor”), a leading global provider of mission critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries, announced today that it has priced the initial public offering of 207,000,000 shares of its common stock at a price to the public of $14.00 per share and a concurrent public offering of 18,000,000 shares of its 6.250% Series A Mandatory Convertible Preferred Stock (the “Mandatory Convertible Preferred Stock”) at a price to the public of $50.00 per share. In connection with the offerings, Avantor has granted the underwriters a 30-day option to purchase up to an additional 31,050,000 shares of common stock and an additional 2,700,000 shares of the Mandatory Convertible Preferred Stock, as applicable, in each case, solely to cover over-allotments. The offerings are expected to close on May 21, 2019, subject to customary closing conditions.