Ingram Micro Holding Corporation Announces Launch of Secondary Offering of 13,125,000 Shares of Common Stock by its Principal Stockholder and a Concurrent Stock Repurchase
Ingram Micro Holding Corporation (the “Company”) today announced that Ingram Holdco, LLC, an affiliate of Platinum Equity, LLC (the “Selling Stockholder”), has commenced a secondary offering of 13,125,000 shares of its common stock (“Common Stock,” and such offering, the “Offering”), pursuant to an automatic shelf registration statement filed with the Securities and Exchange Commission (the “SEC”).
In addition, the Selling Stockholder expects to grant the underwriter a 30-day option to purchase approximately 1,968,750 shares of Common Stock at the public offering price, less underwriting discounts and commissions.
The Selling Stockholder will receive all of the net proceeds from the Offering (including from the exercise of the underwriter option as described above). The Company is not offering any shares of its Common Stock in the Offering and will not receive any of the proceeds from the sale of the shares offered by the Selling Stockholder.
Further, the Company intends to authorize a repurchase of 625,000 shares of the Company’s Common Stock from the underwriter as part of the Offering at a price per share equal to the price per share at which the underwriter agrees to purchase shares of Common Stock from the Selling Stockholder (the “Share Repurchase”). The underwriter will not receive any compensation for the Share Repurchase. The Share Repurchase is part of the Company’s existing share repurchase program. The Company expects to fund the Share Repurchase with cash on hand. The Share Repurchase is expected to be consummated concurrently with the closing of the Offering. Although the Share Repurchase will be conditioned upon, among other things, the closing of the Offering, the closing of the Offering will not be conditioned upon the closing of the Share Repurchase.
Goldman Sachs & Co. LLC is acting as the sole underwriter for the Offering.
An automatic shelf registration statement on Form S-3 (including a prospectus) relating to these securities has been filed with the SEC and is effective. The Offering is being made solely by means of a prospectus supplement and the accompanying prospectus. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies of the prospectus supplement and the accompanying prospectus relating to the Offering may also be obtained by contacting: Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282 (Tel: 866-471-2526) or by e-mail at prospectus-ny@ny.email.gs.com.

