KBR, Inc. Closes Initial Public Offering
HOUSTON - Nov. 21, 2006 - KBR (NYSE:KBR), the
engineering, construction and services subsidiary of Halliburton
(NYSE:HAL), today announced that it has closed its initial public
offering of 32,016,000 shares of common stock at a price of $17.00 per
share. The number of shares of common stock issued at closing included
4,176,000 shares subject to the underwriters' over-allotment option.
KBR received approximately $508 million of proceeds from the offering,
net of underwriting fees and estimated expenses.
The lead underwriters for the offering were Credit Suisse
Securities (USA) LLC, Goldman, Sachs & Co., and UBS Securities LLC.
A copy of the final prospectus relating to the offering may be
obtained from:
KBR
Investor Relations
4100 Clinton Dr.
Houston, Texas 77020
Investors@KBR.com
Copies of the final prospectus may also be obtained from Credit
Suisse Securities (USA) LLC, Prospectus Department, One Madison
Avenue, New York, NY 10010, Tel: 212-325-2580; Goldman, Sachs & Co.,
Attention: Prospectus Department, 85 Broad St., New York, NY 10004,
Fax: 212-902-9316, prospectus-ny@ny.email.gs.com; or UBS Securities
LLC, Prospectus Department, 299 Park Avenue, New York, NY 10171, Tel:
212-821-3000.
KBR is a global engineering, construction and services company
supporting the energy, petrochemicals, government services and civil
infrastructure sectors. The company serves its customers with a broad
range of services through two business segments, Energy and Chemicals,
and Government and Infrastructure.
This press release does not constitute an offer to sell or the
solicitation of any offer to buy any securities of KBR, nor shall
there be any sale of any such securities in any state or other
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities
laws of any such state or other jurisdiction.
CONTACT: Halliburton, Houston
Evelyn Angelle, 713-759-2688
Vice President, Investor Relations
Investors@Halliburton.com
or
Cathy Mann, 713-759-2605
Director, Communications
Cathy.Mann@Halliburton.com