VeraSun Announces Common Stock Offering
16 Septembre 2008 - 10:00PM
PR Newswire (US)
BROOKINGS, S.D., Sept. 16 /PRNewswire-FirstCall/ -- VeraSun Energy
Corporation ("VeraSun") (NYSE:VSE) announced today that it has
commenced a public offering of 20,000,000 shares of its common
stock, subject to market conditions. VeraSun expects to grant its
underwriters a 30-day option to purchase up to an additional
3,000,000 shares to cover overallotments, if any. VeraSun intends
to use the net proceeds of the offering for general corporate
purposes. Morgan Stanley & Co. Incorporated and UBS Securities
LLC are acting as the joint book-running managers for the offering.
Copies of the prospectus for this offering may be obtained by
submitting a request to (1) Morgan Stanley & Co. Incorporated
at 180 Varick St, 2nd Floor, New York, NY 10014, Attention:
Prospectus Department or by email at ; or (2) UBS Investment Bank,
Prospectus Department, 299 Park Avenue, New York, NY 10171 Attn:
Prospectus Department, or by telephone toll free at 888-827-7275,
extension 3884. A registration statement relating to these
securities has been filed with the Securities and Exchange
Commission but has not yet become effective. 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 shall
not constitute an offer to sell, or the solicitation of an offer to
buy, any of the securities, nor shall there be any sale of these
securities, in any state in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state. About VeraSun Energy Corporation
VeraSun Energy Corp. (NYSE:VSE), headquartered in Brookings, S.D.,
is a leading producer and marketer of ethanol and distillers
grains. Founded in 2001, the company has a fleet of 16 production
facilities in eight states, of which one is still under
construction. VeraSun Energy is scheduled to have an annual
production capacity of approximately 1.64 billion gallons of
ethanol and more than five million tons of distillers grains by the
end of 2008. VeraSun also markets E85, a blend of 85 percent
ethanol and 15 percent gasoline for use in Flexible Fuel Vehicles
(FFVs), directly to fuel retailers under the brand VE85(R). For
more information, please visit VeraSun Energy's websites at
http://www.verasun.com/ or http://www.ve85.com/. Forward Looking
Statements Statements included or incorporated by reference in this
document are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. They are based
upon our current beliefs and expectations, are subject to risks and
uncertainties outside of our control, and actual results might
differ materially from these estimates and statements. Factors that
may cause actual results to differ include the volatility and
uncertainty of corn, natural gas, ethanol, unleaded gasoline and
other commodities prices; our ability to generate sufficient
liquidity to fund our operations, debt service requirements and
capital expenditures; the results of our hedging transactions and
other risk mitigation strategies; risk of potential goodwill and
other intangible impairment; operational disruptions at our
facilities; the effects of vigorous competition and excess capacity
in the industries in which we operate; the costs and business risks
associated with developing new products and entering new markets;
the development of infrastructure related to the sale and
distribution of ethanol; the effects of other mergers and
consolidations in the biofuels industry and unexpected
announcements or developments from others in the biofuels industry;
the uncertainties related to our acquisitions of US BioEnergy
Corporation, ASA OpCo Holdings, LLC and other businesses, including
our ability to achieve the expected benefits from these
acquisitions; the impact of any new, emerging and competing
technologies on our business; the possibility of one or more of the
markets in which we compete being impacted by political, legal and
regulatory changes or other external factors over which we have no
control; changes in or elimination of governmental laws, credits,
tariffs, trade or other controls or enforcement practices; the
impact of any potential Renewable Fuel Standards waiver; our
ability to comply with various environmental, health, and safety
laws and regulations; the success of our marketing and sales
efforts; our reliance on key management personnel; limitations and
restrictions contained in the instruments and agreements governing
our indebtedness; our ability to raise additional capital and
secure additional financing; the volatility of the market price of
our stock; our ability to implement additional financial and
management controls, reporting systems and procedures and continue
to comply with Section 404 of the Sarbanes-Oxley Act, as amended;
and the risk factors described in the "Risk Factors" sections in
the prospectus supplement and in our most recent Annual Report on
Form 10-K and subsequent Quarterly Reports on Form 10-Q. We
disclaim any obligation, to update, alter or otherwise revise any
forward-looking statement, whether written or oral, that may be
made from time to time. DATASOURCE: VeraSun Energy Corporation
CONTACT: Investors, Patty Dickerson, +1-605-978-7137, , or Media,
Mike Lockrem, +1-605-978-7055, , both of VeraSun Energy Corporation
Web site: http://www.verasun.com/
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