Company Overview of VWR Funding, Inc.
VWR Funding, Inc. provides laboratory products, services, and solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers portfolio of branded and private label laboratory products, such as chemicals, reagents, consumables, durable products, and scientific equipment and instruments. It also provides a range of value-added services under the VWRCATALYST brand name; scientific research support services, such as DNA extraction, bioreactor servicing, and compound management; and custom manufacturing solutions, including buffers, reagents, and other chemicals used in biopharmaceutical and industrial applications, and production processes. In addition, the ...
100 Matsonford Road
PO Box 6660
Radnor, PA 19087
Founded in 1852
Key Executives for VWR Funding, Inc.
Chief Executive Officer, President, Director and Member of Finance Committee
Chief Financial Officer and Senior Vice President
Senior Vice President and President of U.S. Laboratory Distribution & Services
Senior Vice President and President of Europe Lab and Distribution Services
Principal Accounting Officer, Vice President and Corporate Controller
Compensation as of Fiscal Year 2014.
VWR Funding, Inc. Key Developments
VWR Funding, Inc Prices its 4.625% Senior Notes Due 2022
Mar 20 15
VWR Corporation announced that its owned subsidiary, VWR Funding, Inc., priced its private offering of EUR 503.8 million in aggregate principal amount of its 4.625% senior notes due 2022. The company anticipates that the closing of the offering will take place on or about March 25, 2015, subject to customary closing conditions. The Notes will be guaranteed, jointly and severally, by certain of the Issuer's existing and future domestic subsidiaries. The Notes and the related guarantees will be senior unsecured obligations of the Issuer and the guarantors. The Issuer intends to use the net proceeds from the offering to repay current outstanding borrowings under its multi-currency revolving loan facility and accounts receivable facility and a portion of its U.S. dollar-denominated term loans.
VWR Funding, Inc. Announces Private Offering of EUR 500 Million Senior Notes Due 2022
Mar 17 15
VWR Corporation announced that its VWR Funding, Inc. intends to offer, subject to market and other customary conditions, EUR 500 million in aggregate principal amount of senior notes due 2022 in a private offering that is exempt from registration under the Securities Act of 1933, as amended. The Notes will be guaranteed, jointly and severally, by certain of the Issuer's existing and future domestic subsidiaries. The Notes and the related guarantees will be senior unsecured obligations of the Issuer and the guarantors. The Issuer intends to use the net proceeds from the offering to repay current outstanding borrowings under its multi-currency revolving loan facility and accounts receivable facility and a portion of its U.S. dollar-denominated term loans. Management believes the offering will provide VWR with added flexibility to refinance its 7.25% senior notes and its senior secured credit facility, which both mature in 2017, and with added liquidity to support its growth initiatives. The Notes and the related guarantees will be offered only to 'qualified institutional buyers' in reliance on the exemption from registration pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside of the United States in compliance with Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act and applicable state securities or blue sky laws and foreign securities laws.
VWR Announces Earnings Results for the Second Quarter of 2014; Provides Capital Spending Guidance for the Year 2014
Aug 19 14
VWR announced earnings results for the second quarter of 2014. For the quarter, the company's revenue was $1.1 billion, up 5.1% from the prior year period. Adjusted EBITDA was $105.3 million, an 8.9% increase over the prior year period. Consolidated operating income decreased $1.6 million or 2.5% on a reported basis. The decrease is due to the aforementioned noncash goodwill impairment charge of $11.3 million. Capital expenditures during the second quarter of 2014 totaled $8.5 million, which is slightly higher than the prior year.
The company expected overall 2014 capital spending to be approximately $40 million, which is lower than in the past two years, as the company have completed major infrastructure investment programs.
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