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Vertiv Group Corporation Announces Completion of $ 850 Million Private Placement of Senior Secured Notes Due 2028

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COLUMBUS, Ohio, October 22, 2021– (COMMERCIAL THREAD) – Vertiv Holdings Co (“Vertiv”) (NYSE: VRT), a global provider of critical digital infrastructure and business continuity solutions, today announced that a subsidiary, Vertiv Group Corporation (the “Issuer” ), has successfully completed its previously announced offering (the “Offer”) for an aggregate principal amount of $ 850 million of its 4.125% Senior Secured Notes due 2028 (the “Notes”).

The Issuer intends to use the net proceeds of the offering, together with available cash, to finance the cash portion of the purchase price of the pending acquisition by Vertiv of E&I Engineering Ireland Limited and of its subsidiary, Powerbar Gulf LLC (collectively, “E&I”). , and to pay the fees and expenses related to the acquisition of E&I and the offering.

The Notes have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities law. The Securities may not be offered or sold in the United States except under an exemption or in connection with a transaction not subject to the registration requirements of the Securities Act and applicable state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction in which such an offer, solicitation or sale would be illegal.

About Vertiv Holdings Co

Vertiv (NYSE: VRT) brings together continuous hardware, software, analytics, and services to ensure our customers’ mission-critical applications run continuously, perform optimally, and grow with their business needs. Vertiv solves the most significant challenges facing today’s data centers, communications networks, and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Columbus, Ohio, United States, Vertiv employs approximately 20,000 people and operates in more than 130 countries. For more information and the latest news and content from Vertiv, visit Vertiv.com.

Category: Financial news

About the E&I Engineering Group

The E&I Engineering group is a global supplier of electrical switchgear and power distribution solutions with a proven track record in quality, technical expertise and customer service. With manufacturing facilities in Ireland, the United States and the United Arab Emirates, E&I can design, deliver and install on a global scale. E&I is recognized worldwide as a leader in the electricity distribution industry. An extensive product line, specialized technical services and a strong customer service orientation provide unparalleled service that offers peace of mind to all customers. All of its products are manufactured in-house, ensuring that all meet required specifications, are commercially viable and fit for purpose.

Caution regarding forward-looking statements

This press release, and other statements Vertiv may make about it, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act. This includes, but is not limited to, statements regarding the financial condition, capital structure, indebtedness, business strategy and plans and objectives of Vertiv’s management for future operations, as well as statements regarding growth. , the expected demand for our products and services and our business outlook in 2021, as well as the expected cost savings and synergies associated with the acquisition. These statements constitute projections, forecasts and forward-looking statements and do not constitute guarantees of performance. Vertiv cautions that forward-looking statements are subject to many assumptions, risks and uncertainties, which change over time. Words such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “could”, “could”, “could” , “Could”, “” predict “,” project “,” should “,” endeavor “,” would “and similar expressions may identify forward-looking statements. Vertiv assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

The forward-looking statements contained or incorporated by reference in this presentation are based on current expectations and beliefs regarding future developments and their potential effects on Vertiv. There can be no assurance that future developments affecting Vertiv will be those that Vertiv has anticipated. If one or more of these risks or uncertainties materialize, or if any of the assumptions prove to be incorrect, actual results could differ in material respects from those projected in these forward-looking statements. Vertiv previously disclosed risk factors in its Securities and Exchange Commission reports. These risk factors and those in the preliminary offering memorandum relating to the Notes, among others, could cause actual results to differ materially from historical performance.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211022005504/en/

Contacts

For investor inquiries, please contact:
Lynne maxeiner
Vice President, Global Treasury and Investor Relations
Vertiv
T +1 614-841-6776
E: [email protected]

For media inquiries, please contact:
Scott Deitz
FleishmanHillard for Vertiv
T +1 336-908-7759
E: [email protected]


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