In connection with proposed financing activities of Iris Merger Sub 2019, Inc. (“Merger Sub”), an affiliate of One Rock Capital Partners, LLC (“One Rock”) formed in connection with the previously announced proposed acquisition of Innophos Holdings, Inc. (“Innophos” or the “Company”) by One Rock pursuant to the Agreement and Plan of Merger, dated as of October 20, 2019 (the “Merger Agreement”), by and among the Company, Iris Parent LLC and Merger Sub, providing for the merger of Merger Sub with and into the Company (the “Merger”), Innophos is disclosing preliminary estimates of certain financial results for the year ended December 31, 2019 in a presentation to be provided to prospective lenders. The lender presentation will include preliminary estimates for revenue of $738 – $739 million and Adjusted EBITDA of $120 – $122 million for the year ended December 31, 2019.
The preliminary results contained herein are preliminary in nature, based upon information currently available to the Company and are subject to further changes upon completion of the Company’s standard closing procedures. The preliminary results have not been reviewed or verified by the Company’s independent auditors.
Discussion of Non-GAAP Financial Measures