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
prospectus@morganstanley.com; 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).
