KBR, Inc. Announces Filing Of Registration Statement For An Initial Public Offering Of Common Stock
April 14, 2006, HOUSTON, Texas – KBR, Inc. today announced that it has filed a registration statement with the U.S. Securities and Exchange Commission relating to its initial public offering of its common stock. KBR, Inc. is a wholly owned subsidiary of Halliburton Company (NYSE: HAL).
KBR, Inc. 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 products and services through two business segments, Energy and Chemicals, and Government and Infrastructure.
The proceeds from the initial public offering are expected to be used primarily to repay intercompany indebtedness to Halliburton. The sum of the shares issued in the initial public offering and shares reserved for employee compensation plans will be just under 20 percent of KBR’s outstanding shares following the offering.
Copies of the preliminary prospectus may be obtained from:
1401 McKinney St., Ste. 2400
Houston, Texas 77010
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 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 in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
Halliburton, founded in 1919, is one of the world’s largest providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and KBR. Visit the company’s World Wide Web site at www.halliburton.com.
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