Attached files
file | filename |
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8-K - 8-K - Nexeo Solutions Holdings, LLC | a16-6317_28k.htm |
EX-99.2 - EX-99.2 - Nexeo Solutions Holdings, LLC | a16-6317_2ex99d2.htm |
EX-99.3 - EX-99.3 - Nexeo Solutions Holdings, LLC | a16-6317_2ex99d3.htm |
EX-99.4 - EX-99.4 - Nexeo Solutions Holdings, LLC | a16-6317_2ex99d4.htm |
Exhibit 99.1
[Date]
Dear Valued Employees,
I am excited to announce that Nexeo Solutions will become a publicly traded company listed on The NASDAQ Capital Market following the completion of a merger with WL Ross Holding Corp.
I want to acknowledge that this opportunity for our company exists because of the contributions made by each and every one of you. Our journey together continues to be one of growth, change and transition. We have made great strides solidifying our foundation and transforming our service offerings into core competencies. We have worked hard to earn a reputation as a trusted partner to our customers, suppliers and investors. Becoming a publicly traded company will afford us the opportunity to build credibility with new investors as we introduce the company to the public markets.
As I have discussed with you in the past, our ownership structure exists to facilitate our progress towards our vision. This deal provides Nexeo Solutions an opportunity to become a publicly traded company without going through the time-consuming process of a traditional initial public offering. As a public company, we hope investors will recognize the staying power and longevity of our vision and allow us to focus on growth. We plan to continue to run the business as we do today continuing to do what we believe is best for our brand, our culture, and our partners.
Our growth needs to be fueled both organically and through acquisition, and we believe that now is the right time to transition from a privately owned company to one that has access to capital available on the public market. With multiple sources of capital and a solid foundation in place, we can focus on expanding our unique capabilities, developing new solutions, uncovering new opportunities and building the company that defines distribution.
Please join me in a Town Hall today at 10:00 a.m. where we can speak in more detail about what to expect in the coming weeks and months as we progress to a publically traded entity. You can submit your questions in advance to the asknexeo@nexeosolutions.com email box, or via the Q&A feature in the WebEx session, and we will do our best to answer as many of them as we can during the meeting.
For now, our goal is to continue to provide the highest level of service our customers and suppliers have come to expect. I ask that each of you do everything possible to ensure there is no disruption to our business and to stay focused on delivering results. The transaction is still subject to customary closing conditions, shareholder approvals, and regulatory approvals, but we hope to finalize the transaction this summer.
As always, should you receive any media inquiries, direct those to Media Relations at 281-297-0851. Please do not attempt to answer any media questions yourself.
Sincerely,
David Bradley
President and CEO
Nexeo Solutions
FORWARD LOOKING STATEMENTS
Certain statements made herein, including, for example, the expected date of closing of the merger and the potential benefits of the merger, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1965, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, our actual results may differ materially from our expectations or projections.
The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; the outcome of any legal proceedings that have been, or will be, instituted against Nexeo Solutions Holdings, LLC (the Company) related to the merger agreement; the inability to complete the merger due to the failure to obtain stockholder approval for the merger or the failure to satisfy other conditions to completion of the merger, including the receipt of all regulatory approvals related to the merger; the failure to obtain the necessary financing arrangements set forth in the debt commitment letters delivered pursuant to the merger agreement; risks that the proposed transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the merger; the impact of the substantial indebtedness to be incurred to finance the consummation of the merger; the effects of local and national economic, credit and capital market conditions on the economy in general, and other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in our other reports and other public filings with the Securities and Exchange Commission (the SEC).
Additional information concerning these and other factors that may impact our expectations and projections can be found in our periodic filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2015. Our SEC filings are available publicly on the SECs website at www.sec.gov. We disclaim any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise.
ADDITIONAL INFORMATION ABOUT THE MERGER AND WHERE TO FIND IT
In connection with the proposed merger, WL Ross Holding Corp. (WL Ross) will file a proxy statement with the SEC. Additionally, WL Ross will file other relevant materials with the SEC in connection with the proposed acquisition of the Company pursuant to the terms of an Agreement and Plan of Merger by and among WL Ross, the Company, TPG Accolade Delaware, L.P., Neon Acquisition Company LLC, Neon Holding Company, LLC and Nexeo Holdco, LLC. The materials to be filed by WL Ross with the SEC may be obtained free of charge at the SECs web site at www.sec.gov. Investors and security holders of WL Ross are urged to read the proxy statement and the other relevant materials when they become available before making any voting or investment decision with respect to the proposed merger because they will contain important information about the merger and the parties to the merger.
WL Ross, the Company, and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies for WL Ross stockholders, in connection with the proposed merger. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of certain of WL Ross executive officers and directors in the solicitation by reading WL Ross annual report on Form 10-K for the fiscal year ended December 31, 2015, proxy statement for its 2015 annual meeting of stockholders and the proxy statements and other relevant materials filed with the SEC in connection with the merger, when they become available. More detailed information regarding the names, affiliations and interests of certain of the Companys directors and officers is
contained in the Companys annual report on Form 10-K, which was filed with the SEC on December 7, 2015. Information concerning the interests of WL Ross and the Companys participants in the solicitation, which may, in some cases, be different than those of WL Ross and the Companys stockholders generally, will be set forth in the proxy statement relating to the merger when it becomes available.