Axalta increases initial public shares to 50 million

Philadelphia, Pennsylvania — November 12, 2014 — Axalta has announced it is increasing the number of public shares available for trading on the New York Stock Exchange.
Axalta has priced and upsized its initial offering of public shares from 45 million to 50 million of its common shares at $19.50 per share. The shares began trading on Wednesday, Nov. 12, 2014 on the New York Stock Exchange under the ticker symbol “AXTA.”
All of the shares are being offered by certain affiliates of The Carlyle Group, known as the “selling shareholders.” The selling shareholders have also granted the underwriters a 30-day option to purchase up to an additional 7.5 million common shares. Axalta will not receive proceeds from the offering, including from any exercise by the underwriters of their option to purchase additional common shares. 

Citigroup, Goldman, Sachs & Co., Deutsche Bank Securities and J.P. Morgan are lead book-running managers for the offering. Additional book-running managers are BofA Merrill Lynch, Barclays, Credit Suisse and Morgan Stanley. Co-managers are Jefferies, UBS Investment Bank, Baird, BB&T Capital Markets, Nomura and SMBC Nikko.
A registration statement relating to these securities has been filed with, and declared effective on Nov. 10, 2014 by the SEC. The offering of these securities is being made only by means of a written prospectus forming part of the effective registration statement.  A copy of the final prospectus related to the offering will be filed with the SEC, which may be obtained, when available, from any of the lead book-running managers.
For more information on Axalta, please visit AxaltaCS.com


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