×

SunEdison Semiconductor Limited Announces Commencement of Public Offering by Selling Shareholders

ST. PETERS, Mo., Jan. 8, 2015 (GLOBE NEWSWIRE) -- SunEdison Semiconductor Limited (Nasdaq:SEMI) announced today the commencement of an underwritten public offering of 12,000,000 ordinary shares by selling shareholders pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission. The underwriters will have a 30-day option to purchase up to an additional 1,800,000 ordinary shares from the selling shareholders. SunEdison Semiconductor Limited will not receive any of the proceeds from the sale of the ordinary shares.

Deutsche Bank Securities Inc. is serving as lead book-running manager for the offering. Barclays Capital Inc., Goldman, Sachs & Co., Macquarie Capital (USA) Inc. and Morgan Stanley & Co. LLC are also serving as book-running managers for the offering. Copies of the prospectus relating to the offering may be obtained from: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, telephone: (800) 503-4611, email: prospectus.cpdg@db.com; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1 (888) 603-5847, email: barclaysprospectus@broadridge.com; Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone: (866) 471-2526, email: prospectus-ny@gs.com; Macquarie Capital (USA) Inc., Attention: Prospectus Department, 125 West 55th Street, 22nd Floor, New York, NY 10019, telephone: (888) 268-3937, email: us.prospectus@macquarie.com; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

A registration statement relating to this offering 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. Copies of the registration statement can be accessed through the Securities and Exchange Commission's website at www.sec.gov. This offering is being made only by means of a prospectus. 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.

About SunEdison Semiconductor

SunEdison Semiconductor is a global leader in the development, manufacture and sale of silicon wafers to the semiconductor industry.

Forward-Looking Statements

This press release contains forward-looking statements, which are subject to substantial risks, uncertainties and assumptions. You should not place reliance on these statements. Forward-looking statements include information concerning the proposed offering. These statements often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "seek," "will," "may" or similar expressions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that we will effect this secondary offering or the terms upon which we will consummate the offering. Accordingly, you should not place undue reliance on these forward-looking statements. All such statements speak only as of the date made, and we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: Investor Relations / Media Contact Chris Chaney Director, Investor Relations & Corporate Communications (636) 474-5226 Cchaney@SunEdisonSemi.com

Source:SunEdison Semiconductor Ltd