Veritiv Announces Filing of Shelf Registration Statement

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Oct 05, 2015, 05:41 ET

ATLANTA, Oct. 5, 2015 /PRNewswire/ -- Veritiv Corporation (NYSE: VRTV), a North American leader in business-to-business distribution solutions, today announced it has filed a shelf registration statement with the Securities and Exchange Commission (SEC). The filing registers all 7,840,000 shares of the Company's common stock held by UWW Holdings, LLC (UWWH). The filing also registers up to $200,000,000 of various types of debt and equity securities, including common stock, preferred stock, debt securities, warrants and units that may be offered from time to time by the Company.

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Pursuant to the registration rights agreement entered into between the Company and UWWH on July 1, 2014, UWWH may offer for sale from time to time up to 7,840,000 shares of the registrant's common stock through various transactions, including underwritten offerings. The Company will not receive any proceeds from any sales of the Company's common stock by UWWH.

"The registration statement prepares for any notices received from UWWH under the registration rights agreement and also maintains financial flexibility for the Company," said Stephen Smith, Senior Vice President and Chief Financial Officer of Veritiv Corporation.

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 that the registration statement becomes effective. This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any offer or sale of these securities in any state or jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer of the securities will be solely by means of the prospectus included in the registration statement and one or more prospectus supplements that will be issued at the time of the offering.

About Veritiv
Veritiv Corporation (NYSE: VRTV), with executive offices in Atlanta, and significant operations in the Greater Cincinnati, Ohio area, is a North American leader in business-to-business distribution solutions. Serving customers across virtually every industry, Veritiv provides print, publishing, packaging, facility and logistics solutions that help shape the success of its customers. Established in 2014, following the merger of International Paper Company's xpedx division and Unisource Worldwide, the Company employs approximately 8,900 team members across about 180 distribution centers throughout the U.S., Mexico and Canada.

Forward-Looking Statements
Certain statements contained in this press release regarding Veritiv Corporation's future operating results, performance, business plans or prospects, and any other statements not constituting historical fact, are "forward-looking statements" subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. All forward-looking statements reflect only Veritiv's current beliefs and assumptions with respect to future operating results, performance, business plans or prospects, and are based on information currently available to Veritiv. Accordingly, the statements are subject to significant risks, uncertainties and contingencies, which could cause Veritiv's actual operating results, performance, business plans or prospects to differ materially from those expressed in, or implied by, these statements.

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