PGI Announces Filing of Registration Statement for Proposed Initial Public Offering

CHARLOTTE, N.C., Feb. 10, 2015 /PRNewswire/ -- PGI Specialty Materials, Inc. ("PGI" or the "Company") today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock.

BofA Merrill Lynch, Citigroup Global Markets Inc., Goldman, Sachs & Co., Jefferies LLC and RBC Capital Markets, LLC are acting as book-running managers in the proposed offering.

The offering will be made only by means of a prospectus. A copy of the preliminary prospectus related to the offering may be obtained, when available, from: Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by calling (800) 831-9146; Merrill Lynch, Pierce, Fenner & Smith Incorporated at 222 Broadway, New York, New York 10038, Attention: Prospectus Department or by emailing [email protected]; Goldman, Sachs & Co. at 200 West Street, New York, NY 10282, by calling  (866) 471-2526 or emailing [email protected]; Jefferies LLC at 520 Madison Avenue, 12^th Floor, New York, NY 10022, Attention: Prospectus Department, by calling (877) 547-6340 or emailing [email protected]; or RBC Capital Markets, LLC at 3 World Financial Center, 200 Vesey Street, 8^th Floor, New York, NY 10281 or by calling (877) 822-4089.

A registration statement on Form S-1 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 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, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

SOURCE PGI Specialty Materials, Inc.