Livent Corporation (NYSE: LTHM), today announced that it has priced its underwritten public offering of 13,000,000 shares of its common stock, $0.001 par value ("Common Stock"), at a public offering price of $17.50 per share of Common Stock. In addition, Livent granted the underwriters a 30-day option to purchase up to an additional 1,950,000 shares of Common Stock. The offering is expected to close on June 15, 2021, subject to customary closing conditions.

Livent expects to receive net proceeds of approximately $219.4 million (or approximately $ 252.4 million if the underwriters exercise in full their option to purchase additional shares of Common Stock) in the offering, after deducting the underwriters' discounts and commissions and estimated offering expenses. Livent intends to use the net proceeds from the offering, including any net proceeds from the underwriters' exercise of their option to purchase additional shares of Common Stock, primarily for growth capital expenditures, including lithium capacity expansion, and for general corporate purposes and to repay amounts outstanding under its revolving credit facility.

Goldman Sachs & Co. LLC and J.P. Morgan are acting as joint book-running managers and representatives of the underwriters in connection with the offering. BofA Securities, Citigroup, Credit Suisse and SMBC Nikko are also acting as joint book-running managers in connection with the offering. Citizens Capital Markets, Loop Capital Markets and Raymond James are acting as co-managers in connection with the offering.