FORT WORTH, Texas, Oct. 16, 2017 (GLOBE NEWSWIRE) -- KMG Chemicals, Inc. (NYSE:KMG), a global provider of specialty chemicals and performance materials, today announced that it has commenced, subject to market and other conditions, an underwritten public offering of 2,600,000 shares of its common stock by the Company. The Company expects to grant the underwriters an option to purchase up to an additional 390,000 shares of common stock from the Company. Proceeds from the offering are expected to be used for general corporate purposes, which may include, among other things, debt repayment and working capital.

Goldman Sachs & Co. LLC and KeyBanc Capital Markets Inc. are acting as joint book-running managers for the offering. Seaport Global Securities LLC, Nomura Securities International, Inc. and HSBC Securities (USA) Inc. are acting as co-managers for the offering. The offering will be made only by means of a preliminary prospectus supplement and the accompanying base prospectus, copies of which may be obtained on the Securities and Exchange Commission’s website at www.sec.gov. Alternatively, the underwriters will arrange to send you the preliminary prospectus supplement and related base prospectus if you request them by contacting: Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, tel: (866) 471-2526, fax: (212) 902-9316, e-mail: prospectusgroup-ny@ny.email.gs.com; or KeyBanc Capital Markets Inc., 127 Public Square, 4th Floor, Cleveland, Ohio 44114, Attn: Equity Syndicate, tel: (800) 859-1783.

About KMG

KMG Chemicals, Inc., through its subsidiaries, produces and distributes specialty chemicals and performance materials for the semiconductor, industrial wood preservation, and pipeline and energy markets.