Brush Engineered Materials Inc. Announces Offering of Common Stock.Business Editors CLEVELAND--(BUSINESS WIRE)--April 1, 2004 Brush Engineered Materials Brush Engineered Materials Inc. is a multinational company specializing in high performance engineered materials emphasizing the qualities of strength, reliability, miniaturization and weight savings, thermal dissipation, electrical conductivity and reflectivity. Inc. (NYSE NYSE See: New York Stock Exchange :BW) today announced that it has filed a registration statement with the Securities and Exchange Commission for the Company to offer and sell up to 1,700,000 shares of common stock, as well as to resell for the account of selling shareholders 115,000 shares of common stock to be issued upon the exercise of warrants issued in connection with the Company's December 2003 debt refinancing. The underwriters will have an option to purchase up to an additional 272,250 shares of common stock from the Company solely to cover over-allotments, if any. The Company anticipates completing the offering during the second quarter. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from this offering will be used to repay a portion of the amounts outstanding under the credit facilities credit facilities npl → facilidades fpl de crédito credit facilities npl → facilités fpl de paiement credit facilities that are part of the Company's December 2003 refinancing. Any remaining net proceeds will be used for working capital and general corporate purposes, including capital expenditures, acquisitions of businesses or assets and investments. KeyBanc Capital Markets is acting as the book-running manager for the offering. When available, a copy of the prospectus may be obtained from KeyBanc Capital Markets, attention Syndicate Department, 800 Superior Ave., Cleveland, Ohio "Cleveland" redirects here. For the Cleveland metropolitan area, see . For other uses, see Cleveland (disambiguation). Cleveland is a city in the U.S. state of Ohio and the county seat of Cuyahoga County, the most populous county in the state. , 44114, (216) 443-2370 or by fax (216) 443-3901. A registration statement relating to these securities 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. 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 in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Brush Engineered Materials Inc. is headquartered in Cleveland. The Company, through its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , supplies worldwide markets with beryllium beryllium (bərĭl`ēəm) [from beryl ], metallic chemical element; symbol Be; at. no. 4; at. wt. 9.01218; m.p. about 1,278°C;; b.p. 2,970°C; (estimated); sp. gr. 1.85 at 20°C;; valence +2. products, alloy products, electronic products, precious metal products and engineered material systems. |
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