Market Overview

Lumos Networks Prices 2.512M Share Offering for Quadrangle Capital Partners at $20.00/Share

Lumos Networks Corp. (NASDAQ: LMOS),
a fiber-based service provider of data, voice and IP-based
telecommunication services in the Mid-Atlantic region, today announced
the pricing of the public offering of 2,512,121 shares of Lumos Networks
common stock at a public offering price of $20.00 per share. All of the
shares of common stock are being offered by Quadrangle Capital Partners
L.P. and their affiliated entities. These stockholders also have granted
the underwriters an option to purchase up to an additional 376,818
shares. The Company will not receive any proceeds from the offering.

Wells Fargo Securities, LLC and Cowen and Company, LLC are the joint
book-running managers for the offering. D.A. Davidson & Co., Canaccord

See full press release

Posted-In: News Guidance Dividends Offerings Legal Management Global

 

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