Market Overview

Zekelman Industries, Inc. Launches Roadshow for Initial Public Offering

Share:

Not for distribution to Canadian news wire services or dissemination
in Canada.

Zekelman Industries, Inc. ("Zekelman" or "the Company") announced today
that it has launched the roadshow for its initial public offering of
41,750,000 shares of its Class A subordinate voting stock at an expected
initial offering price to the public of between $17.00 and $19.00 per
share pursuant to a registration statement on Form S-1 previously filed
with the Securities and Exchange Commission ("SEC").

Zekelman is offering 27,750,000 shares of Class A subordinate voting
stock in the initial public offering, and certain selling stockholders
named in the registration statement are offering the remaining
14,000,000 shares of Class A subordinate voting stock. Certain of the
selling stockholders intend to grant the underwriters a 30-day option to
purchase up to an additional 6,262,500 shares of Class A subordinate
voting stock. The Company has applied to list its shares of Class A
subordinate voting stock on the New York Stock Exchange and the Toronto
Stock Exchange under the ticker symbol "ZEK".

Goldman Sachs & Co. LLC and BofA Merrill Lynch are acting as joint lead
book-running managers for the offering. BMO Capital Markets and Credit
Suisse are also acting as joint book-running managers for the offering.
GMP Securities, KeyBanc Capital Markets, William Blair, Stifel, BTIG and
PNC Capital Markets LLC are acting as co-managers for the offering.

The offering is being made only by means of a prospectus. Copies of the
preliminary prospectus relating to this offering may be obtained from
Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New
York, New York 10282, via telephone: 1-866-471-2526 or email: prospectusgroup-ny@ny.email.gs.com;
and BofA Merrill Lynch, Attention: Prospectus Department, NC1-004-03-43,
200 North College Street, 3rd floor, Charlotte, North Carolina
28255-0001, via telephone: 1-800-294-1322 or email: dg.prospectus_requests@baml.com.

A registration statement relating to these securities has been filed
with the SEC but has not yet become effective. These securities may not
be sold, nor may offers to buy be accepted, prior to the time the
registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy these
securities, nor shall there be any sale of these securities in any state
or jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities
laws of any such state or jurisdiction.

About Zekelman Industries

Zekelman Industries, Inc. is a leading North American manufacturer of
industrial steel pipe and tube products. With 13 pipe and tube
production facilities in the U.S. and Canada, Zekelman delivers a broad
range of pipe and tube solutions marketed under a family of respected
brands, including Atlas, Wheatland, Sharon Tube, Western Tube & Conduit,
Picoma and Z Modular.

Forward-Looking Statements

This press release contains certain forward-looking statements. Words
such as "expects", "intends" or similar expressions are intended to
identify forward-looking statements. These forward-looking statements
are subject to the inherent uncertainties in predicting future results
and conditions and no assurance can be given that the initial public
offering discussed above will be completed on the terms described.
Completion of the proposed initial public offering and the terms thereof
are subject to numerous factors, many of which are beyond Zekelman's
control, including, without limitation, market conditions. Zekelman
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by law.

View Comments and Join the Discussion!
 
Fastest news service for the smartest traders
$147 Free 14 day Trial