Catalent, Inc. Announces Pricing of its Initial Public Offering

Catalent, Inc. has announced the pricing of its initial public offering of 42,500,000 shares of its common stock at $20.50 per share. The shares began trading on the New York Stock Exchange on 31 July 2014 under the ticker symbol “CTLT,” and the offering is expected to close on 5 August 2014, subject to customary closing conditions. Catalent has granted the underwriters a 30-day option to purchase up to an additional 6,375,000 at the initial public offering price.

Catalent expects to receive net proceeds of approximately $822.7 million after deducting underwriting discounts and estimated offering expenses, and intends to use the proceeds to reduce debt.

Morgan Stanley, J.P. Morgan, BofA Merrill Lynch, Goldman, Sachs & Co., Jefferies and Deutsche Bank Securities are acting as joint bookrunning managers for the offering. Blackstone Capital Markets, Piper Jaffray, Raymond James, Wells Fargo Securities, William Blair and Evercore are acting as co-managers for the offering.