KBR expects to receive approximately $508 million of proceeds from the offering, net of underwriting fees and estimated expenses. KBR intends to use the proceeds to repay indebtedness owed to subsidiaries of Halliburton and for general business purposes.
The offering is expected to close on November 21, 2006, subject to customary closing conditions. After the IPO, Halliburton will remain the majority stockholder of KBR, with approximately 81 percent of KBR's outstanding stock.
The lead underwriters for the offering are Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., and UBS Securities LLC.
A copy of the final prospectus relating to the offering may be obtained from:
KBR Investor Relations 4100 Clinton Dr. Houston, Texas 77020 Investors@KBR.com
Copies of the final prospectus may also be obtained from Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY 10010, Tel: 212-325-2580; Goldman, Sachs & Co., Attention: Prospectus Department, 85 Broad St., New York, NY 10004, Fax: 212-902-9316, email@example.com; or UBS Securities LLC, Prospectus Department, 299 Park Avenue, New York, NY 10171, Tel: 212-821-3000.
KBR is a global engineering, construction and services company supporting the energy, petrochemicals, government services and civil infrastructure sectors. The company serves its customers with a broad range of services through two business segments, Energy and Chemicals, and Government and Infrastructure.
Halliburton, founded in 1919, is one of the world's largest providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and KBR.
Most Popular Articles
From the Career Center
Jobs that may interest you