TRW Automotive Holdings Corp. (NYSE: TRW) today announced the underwritten public offering of 10,000,000 shares of its common stock held by Automotive Investors L.L.C., an affiliate of The Blackstone Group L.P., and certain members of TRW management pursuant to the Company’s shelf registration statement filed with the Securities and Exchange Commission (the “Offering”). Automotive Investors L.L.C. and certain members of management have granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock to cover over-allotments, if any. TRW will not receive any proceeds from the Offering, and its total number of shares of common stock outstanding will not materially change as a result of the Offering.
BofA Merrill Lynch and Morgan Stanley are acting as book-running managers and underwriters for the Offering. A prospectus supplement relating to the Offering will be filed with the Securities and Exchange Commission. Copies of the prospectus supplement and the accompanying base prospectus relating to the Offering may be obtained by mail from either BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department or by emailing dg.prospectus_requests@baml.com or from Morgan Stanley at Prospectus dept: 180 Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus Department, or by calling (866) 718-1649, or by emailing prospectus@morganstanley.com.
The Company has disclosed in the prospectus supplement that depending on market conditions, it may offer debt securities issued by the Company or its subsidiaries in registered transactions or in private offerings pursuant to applicable securities laws. 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 jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
