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EnergySolutions, Inc. Announces Secondary Public Offering by ENV Holdings
| Source: EnergySolutions, Inc.
SALT LAKE CITY, UT--(Marketwire - July 7, 2008) - EnergySolutions, Inc. (NYSE : ES ) today
announced that ENV Holdings LLC plans to sell 35,000,000 shares of
EnergySolutions' common stock in an underwritten secondary public offering.
In addition, the underwriters of the offering have an option to purchase up
to 5,250,000 additional shares from the selling stockholder to cover
over-allotments. EnergySolutions will not receive any proceeds from the
proposed offering.
Upon completion of the transaction, assuming no exercise of the
underwriters' over-allotment option, the selling stockholder will own
approximately 20 million shares of EnergySolutions' common stock. The
selling stockholder is controlled by affiliates of Lindsay Goldberg,
Peterson Partners L.P. and certain members of the management of
EnergySolutions.
Credit Suisse Securities (USA) LLC and J.P. Morgan Securities Inc. will act
as book runners for the proposed offering. When available, a copy of the
preliminary prospectus relating to this offering may be obtained from
Credit Suisse Securities (USA) LLC, One Madison Avenue, New York, NY 10010,
Attention: Prospectus Department (212-325-2580); or J.P. Morgan Securities
Inc., 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245, Attention:
Prospectus Department; telephone: (718) 242-8002.
A registration statement relating to these securities has been filed with
the Securities and
Exchange Commission but has not yet become effective. These securities may
not be sold nor may offers to buy these securities be accepted prior to the
time the registration statement becomes effective.
EnergySolutions offers customers a full range of integrated services and
solutions, including nuclear operations, characterization, decommissioning,
decontamination, site closure, transportation, nuclear materials
management, processing, recycling, and disposition of nuclear waste, and
research and engineering services across the nuclear fuel cycle.
Statements in this news release may contain forward-looking statements that
involve risks and uncertainties. Forward-looking statements provide
current expectations of future events based on certain assumptions and
include any statement that does not directly relate to any historical or
current fact. Forward-looking statements are not guarantees of future
performance and the Company's actual results may differ significantly from
the results discussed in the forward-looking statements.