Atmus Filtration Technologies Announces Pricing of Initial Public Offering
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NASHVILLE, Tenn. ~ Atmus Filtration Technologies Inc., the Filtration business unit of Cummins Inc., has announced the pricing of its initial public offering (IPO) of 14,124,409 shares of its common stock owned by Cummins at a price to the public of $19.50 per share. The shares are expected to begin trading on the New York Stock Exchange (NYSE) on May 26, 2023 under the ticker symbol "ATMU".

Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as joint lead book-running managers and as representatives of the underwriters for the offering, with Baird, BofA Securities, Wells Fargo Securities and HSBC also acting as joint book-running managers and PNC Capital Markets LLC, BTIG, ING, KeyBanc Capital Markets, Loop Capital Markets and Siebert Williams Shank acting as co-managers. The offering is being made only by means of a prospectus.

Atmus Filtration Technologies Inc., a global leader in filtration and media solutions with a presence in more than 150 countries on six continents, is not selling any shares and will not receive any proceeds from the sale of shares in the offering. Upon completion of the IPO, Cummins is expected to hold approximately 83.0% of Atmus or 80.5% if the underwriters' option to purchase additional shares is exercised in full. The underwriters have been granted a 30-day option to purchase up to an additional 2,118,661 common shares at the IPO price less underwriting discounts and commissions. The offering is expected to close on May 30th subject to customary closing conditions.

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Atmus Filtration Technologies Inc., headquartered in Nashville Tennessee (U.S.), employs approximately 4,250 people globally who are committed to creating a better future by protecting what is important while Cummins Inc., headquartered in Columbus Indiana (U.S.), employs approximately 73,600 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity since its founding in 1919 with sales totaling $28 billion in 2022 earning about $2 billion dollars that year alone.

A registration statement on Form S-1 relating to these securities was filed with the SEC and became effective on May 25th 2023 with copies of the prospectus relating to this offering available for free from Goldman Sachs & Co LLC or J P Morgan Securities LLC upon request via telephone or email respectively when available . This press release does not constitute an offer to sell or solicitation of an offer to buy any securities nor shall it constitute an offer solicitation or sale in any jurisdiction where such offer solicitation or sale would be unlawful prior to registration or qualification under securities laws within that jurisdiction . Any offers solicitations or offers will be made only after compliance with all applicable registration requirements within that jurisdiction . This announcement was issued according to Rule 134 under The Securities Act .

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