Ceridian Launches Initial Public Offering - Canada
Minneapolis, MN, April 12, 2018
Ceridian HCM Holding Inc. (“Ceridian”) announced today that it has launched an initial public offering of 21,000,000 shares of its common stock at a price to the public between $19.00 and $21.00 per share pursuant to a registration statement on Form S-1 previously filed with the United States Securities and Exchange Commission (the “SEC”). Ceridian intends to grant the underwriters of the offering an option, exercisable within 30 days from the date of the final prospectus relating to the offering, to purchase up to an additional 3,150,000 shares of common stock. Ceridian has applied to list the shares of common stock on the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbol “CDAY.”
Ceridian intends to use the net proceeds that it receives from this offering and a concurrent $100.0 million private placement to redeem the $475.0 million principal amount of its outstanding 11% Senior Notes due 2021 as well as to pay a portion of the interest on the Senior Notes that will have accrued at the time of the redemption.
Goldman Sachs & Co. LLC, J.P. Morgan, Credit Suisse and Deutsche Bank Securities are acting as joint lead book-running managers, and Goldman Sachs & Co. LLC and J.P. Morgan are acting as representatives of the underwriters for the offering. Barclays, Citigroup, Jefferies LLC, CIBC Capital Markets and Wells Fargo Securities are also acting as book-running managers for the offering. Baird, Canaccord Genuity, Piper Jaffray, William Blair and MUFG are acting as co-managers for the offering.
The offering is being made only by means of a prospectus. A copy of the preliminary prospectus may be obtained from:
- Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, via telephone: 1-866-471-2526, or via email: firstname.lastname@example.org;
- J.P. Morgan Securities LLC, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, or via telephone: 1-866-803-9204;
- Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, by telephone at (800) 221-1037, or by email at email@example.com; or
- CIBC World Markets Inc., Attention: Lovena Doodahnand, 161 Bay Street, Toronto, ON M5R 1C5, by telephone at (416) 594-7270, or by email at lovena.doodahnand@CIBC.ca
A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. No securities regulatory authority has either approved or disapproved of the contents of this press release. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release is for informational purposes only and 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 state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
An amended and restated preliminary prospectus or a preliminary prospectus, as the case may be, has been filed with the securities commissions or similar securities regulatory authorities in each of the provinces and territories of Canada (other than Quebec) containing important information relating to the shares. The amended and restated preliminary prospectus and the preliminary prospectus remain subject to completion or amendment. There will not be any sale or any acceptance of an offer to buy the shares until a receipt for the final prospectus has been issued by the relevant securities commissions and similar securities regulatory authorities in Canada.
About Ceridian HCM Holding Inc.
Ceridian. Makes Work Life Better™.
Ceridian is a global human capital management software company. Dayforce, our flagship cloud HCM platform, provides human resources, payroll, benefits, workforce management, and talent management functionality. Our platform is used to optimize management of the entire employee lifecycle, including attracting, engaging, paying, deploying, and developing people. Ceridian has solutions for organizations of all sizes.
For more information, contact:
Vice President, Finance and Investor Relations
Ceridian HCM Holding Inc.