Market Overview

EdR Prices 5.5M Share Offering @$35.50/Share


EdR (NYSE: EDR) announced Monday, that it has priced its public offering of
5.5 million shares of its common stock at a price to the public of
$35.50 per share. The company has also granted the underwriters a 30-day
option to purchase up to 825,000 additional shares of common stock, at
the price to the public less the underwriting discount. Subject to
customary conditions, the offering is expected to close on or about
January 15, 2016. The net proceeds to the company, after deducting the
underwriting discount and other estimated offering expenses, are
expected to be approximately $187,020,000 (exclusive of the
underwriters' option to purchase additional shares).

The company intends to use the net proceeds to repay amounts under two

See full press release


Related Articles (EDR)

View Comments and Join the Discussion!

Posted-In: News Offerings Press Releases