Loma Negra Announces Closing of Initial Public Offering and Full Exercise of the Underwriters’ Option to Purchase Additional ADSs
BUENOS AIRES, Argentina--(BUSINESS WIRE)--Loma Negra C.I.A.S.A. (NYSE: LOMA; BYMA: LOMA), (“Loma Negra” or
the “Company”), the leading cement producer in Argentina, today
announced the closing of its previously announced initial public
offering at US$19.00 per American Depositary Shares (“ADSs”). Loma Negra
and the selling shareholder, Loma Negra Holding GmbH, sold 53,530,000
ADS in the international offering, representing 267,650,000 ordinary
shares of the Company, including the full exercise of the underwriters’
option to purchase an additional 7,530,000 ADSs. Loma Negra and the
selling shareholder raised gross proceeds of US$1,017,070,000 from the
international offering. Loma Negra also received gross proceeds of
US$79,800,000 from the sale of 21,000,000 ordinary shares in the
concurrent Argentine offering. In total, the company and the selling
shareholder raised gross proceeds of US$1,096,870,000 from the global
offering.
The ADSs are listed on the New York Stock Exchange and under the ticker
symbol “LOMA” and its ordinary shares are listed on the Bolsa y Mercados
Argentinos S.A. (BYMA) under the symbol “LOMA.” One ADS represents five
(5) ordinary shares.
BofA Merrill Lynch, Bradesco BBI, Citigroup, HSBC, Itaú BBA and Morgan
Stanley acted as underwriters in the international offering.
The offering was made only by means of a prospectus. A final prospectus
for the offering may be obtained from BofA Merrill Lynch, Attention:
Prospectus Department, 200 North College Street, 3rd floor, Charlotte,
NC 28255-0001, or: [email protected],
Bradesco BBI, Attention: Isabela Behar, 450 Park Avenue, 32nd Floor, New
York, NY 10022, tel: (212) 888-9142, Citigroup, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling
(800) 831-9146, HSBC, 452 Fifth Avenue, New York, NY, USA 10018,
Attention: Prospectus Department, toll-free: 877-429-7459, email: [email protected],
Itaú BBA, 767 Fifth Avenue 50th Floor, New York, NY 10153, USA,
Attention: Investment Banking Department — Equity Capital Markets or
Morgan Stanley, Prospectus Department, 180 Varick Street, 2nd Floor, New
York, NY, 10014, by calling 1-866-718-1649, or by email at [email protected].
A registration statement relating to the offering has been filed with,
and declared effective by, the Securities and Exchange Commission (the
“SEC”). The Argentine public offering of the ordinary shares of the
Company has been authorized by the CNV pursuant to Resolution No.
RESFC-2017-18952-APN-DIR#CNV dated September 28, 2017.
The registration statement can be accessed through the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor may there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Loma Negra
Founded in 1926, Loma Negra is the leading cement company in Argentina,
producing and distributing cement, masonry cement, aggregates, concrete
and lime, products primarily used in construction, which is expected by
the Company to be one of the fastest growing sectors of the Argentine
economy in the coming years. Loma Negra is Argentina’s only national,
vertically-integrated cement and concrete company, supported by vast
limestone reserves, strategically located plants, top-of-mind brands and
established distribution channels. The Company also owns a 51% equity
stake in an integrated cement production plant in Paraguay, which is one
of two leading cement producers in that country.