Livent Corporation (LTHM) to Offer 12.5M Common Shares

Livent Corporation (NYSE: LTHM) commenced an underwritten public offering of 12,500,000 shares of its common stock, $0.001 par value. In addition, Livent expects to grant the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of Common Stock.

Livent intends to use the net proceeds from the offering, including any net proceeds from the underwriters' exercise of their option to purchase additional shares of Common Stock, primarily for growth capital expenditures, including lithium capacity expansion, and for general corporate purposes and to repay amounts outstanding under its revolving credit facility.

Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC will act as joint book-running managers and representatives of the underwriters in connection with the offering.

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