ACETO Corporation Announces the Exercise in Full of the Over-Allotment Option in Its Convertible Notes Offering
24 November 2015 - 4:04AM
ACETO Corporation (NASDAQ:ACET) today announced that the initial
purchasers in its previously announced private placement of
convertible senior notes due 2020 (the "notes") have exercised in
full their option to purchase, and ACETO has issued to the initial
purchasers, an additional $18,750,000 aggregate principal amount of
notes. ACETO has issued a total of $143,750,000 aggregate principal
amount of the notes in the offering made pursuant to Rule 144A
under the Securities Act of 1933, as amended (the "Act"). ACETO has
also entered into additional convertible note hedge and warrant
transactions comparable to the transactions that were entered into
in connection with the initial closing of the notes.
This announcement is neither an offer to sell nor a solicitation
of an offer to buy any of these securities and shall not constitute
an offer, solicitation, or sale in any jurisdiction in which such
offer, solicitation, or sale is unlawful. The notes and the shares
of ACETO's common stock issuable upon conversion of the notes, if
any, will not be registered under the Act or any state securities
laws, and unless so registered, may not be offered or sold in the
United States except pursuant to an exemption from the registration
requirements of the Act and applicable state laws.
FORWARD LOOKING STATEMENTS:
This news release contains forward-looking statements as that
term is defined in the federal securities laws. The events
described in forward-looking statements contained in this news
release may not occur. Generally, ACETO's forward-looking
statements relate to ACETO's business plans or strategies,
projected or anticipated benefits or other consequences of ACETO's
plans or strategies, financing plans, projected or anticipated
benefits from acquisitions that ACETO may make, or a projection
involving anticipated revenues, earnings or other aspects of
ACETO's operating results or financial position, and the outcome of
any contingencies. Any such forward-looking statements are based on
current expectations, estimates and projections of management.
ACETO intends for its forward-looking statements to be covered by
the safe-harbor provisions for forward-looking statements under the
federal securities laws. Words such as "may," "will," "expect,"
"believe," "anticipate," "project," "plan," "intend," "estimate,"
and "continue," and their opposites and similar expressions are
intended to identify forward-looking statements. The
forward-looking statements contained in this press release include,
but are not limited to, statements regarding the notes offering.
Many of these statements are beyond ACETO's control, and factors
beyond ACETO's control may influence the accuracy of the statements
and the projections upon which the statements are based. Factors
that could cause actual results to differ materially from those set
forth or implied by any forward-looking statement include, but are
not limited to, risks and uncertainties discussed in ACETO's
reports filed with the Securities and Exchange Commission,
including, but not limited to, ACETO's Annual Report on Form 10-K
for the fiscal year ended June 30, 2015 and other filings. Copies
of these filings are available at www.sec.gov. Any one or more of
these uncertainties, risks and other influences could materially
affect ACETO's results of operations and whether forward-looking
statements made by ACETO ultimately prove to be accurate. In
addition, periodic high-margin product sales may have a positive
material financial impact in a given quarter that may be
non-recurring in future quarters, thereby rendering one quarter's
performance not useful as a predictor of future quarters' results.
ACETO's actual results, performance and achievements could differ
materially from those expressed or implied in its forward-looking
statements. Except as required by law, ACETO undertakes no
obligation to publicly update or revise any forward-looking
statements, whether from new information, future events or
otherwise.
CONTACT: Investor Relations Contact:
LHA
Jody Burfening
jburfening@lhai.com
(212) 838-3777