Vertiv Group Corporation (“Vertiv Group”) today announced it has extended the expiration date of its cash offer to purchase (the “Offer”) up to $750,000,000 aggregate principal amount of its 9.250% Senior Notes due 2024 (CUSIP Nos. 220517 AA4 and U2202A AA4) (the “Notes”) from 5:00 p.m., Eastern Time, on February 3, 2020 to 5:00 p.m., Eastern Time, on February 4, 2020, unless further extended or terminated.
As of February 3, 2020, $500,000 aggregate principal amount of the Notes had been tendered in the Offer.
Holder of Notes who have previously validly tendered and not validly withdrawn their Notes do not need to re-tender their Notes or take any other action in response to the extension of the Offer.
This press release is for informational purposes only and shall not constitute an offer to purchase or a solicitation of an offer to sell any securities. The Offer is being made only through, and subject to the terms and conditions set forth in, the Notice of Anticipated Change of Control and Conditional Offer to Purchase dated January 6, 2020 (the “Offer to Purchase”), which sets forth a more detailed description of the terms of the Offer. Except as described in this press release, the terms and conditions of the Offer as described in the Offer to Purchase are unchanged. Copies of the Offer to Purchase may be obtained from The Bank of New York Mellon Trust Company, N.A., the trustee and depositary, at the address set forth in the Offer to Purchase. Holders of the Notes are urged to read the Offer to Purchase in its entirety.
Vertiv brings together hardware, software, analytics and ongoing services to ensure its customers’ vital applications run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Columbus, Ohio, Vertiv employs around 20,000 people and does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.