Evercore Partners Prices ~5.454M Share Offering @$55.00/Share

Loading...
Loading...
Evercore Partners Inc.
EVR
today announced that the underwritten public offering of 5,454,545 shares of its Class A common stock, all of which are being sold by Mizuho Bank Ltd., was priced at an initial price to the public of $55.00 per share. 3,100,000 shares are being offered to public investors. In addition, Evercore has agreed to repurchase 2,354,545 shares at a price per share equal to the price at which the underwriters will purchase such shares from the selling stockholder.  The shares to be sold by Mizuho will be issued at the closing of the offering upon the exercise in full of the outstanding warrant to purchase 5,454,545 shares acquired by Mizuho in 2008. In connection with the exercise of the warrant, Mizuho will surrender the $120 million of 5.2% senior notes due 2020 acquired by it in 2008.  Mizuho Securities and Evercore ISI are acting as the joint book-running managers for the offering. The offering is being made pursuant to a shelf registration statement filed with the U.S. Securities and Exchange Commission, which became effective on June 13, 2014. Copies of the written final prospectus related to the offering, when available, may
See full press release
Market News and Data brought to you by Benzinga APIs
Posted In: NewsOfferingsPress Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...