Molycorp Prices Offering of Common Stock
16.10.2013 | Globenewswire Europe
![Molycorp Prices Offering of Common Stock](https://www.goldseiten.de/media/goldseiten-news.jpg)
("Molycorp" or the "Company") today announced the pricing of its previously
announced registered public offering of 45,000,000 shares of its common stock
(the "Common Stock") (or up to an aggregate of 51,750,000 shares of Common Stock
if the underwriters of such offering exercise their option to purchase
additional shares of Common Stock in full) at a price per share of $5.00 (the
"Offering").
The Company expects to close the Offering on October 21, 2013, subject to
satisfaction of customary closing conditions.
The Company intends to use the net proceeds received from the Offering to fund
current capital needs for capital expenditures and other cash requirements,
including, without limitation, capital expenditures at its Mountain Pass,
California facility.
Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and J.P. Morgan Securities LLC
are acting as joint bookrunners for the Offering. BNP Paribas Securities Corp.,
GMP Securities L.P., HSBC Securities (USA) Inc. and Wells Fargo Securities, LLC
are acting as co-managers for the Offering. Moelis & Company LLC served as
Molycorp's financial advisor and capital markets advisor for the Offering.
The Offering may be made only by means of a prospectus supplement and an
accompanying prospectus. When available, copies of the prospectus supplement
and the accompanying prospectus relating to the Offering may be obtained from
Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street,
Second Floor, New York, NY 10014, from Goldman, Sachs & Co., Attention:
Prospectus Department, 200 West Street, New York, NY 10282, telephone:
1-866-471-2526, or email: prospectus-ny@ny.email.gs.com or from J.P. Morgan
Securities LLC c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717, telephone: 1-866-803-9204.
This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the Common Stock or any other securities, nor will there be
any sale of the Common Stock or any other securities in any state or
jurisdiction in which such an offer, solicitation or sale is not permitted
# # #
Source: Molycorp Inc. ($MCP)
For More Information:
Brian Blackman, +1 303-843-8067
Vice President Investor Relations
Brian.Blackman@Molycorp.com
or
Jim Sims, +1 303-843-8062
Vice President Corporate Communications
Jim.Sims@Molycorp.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Molycorp Inc. via Thomson Reuters ONE
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