HC2 Holdings aims to price $50 million public stock offering

Jefferies raises funds for acquisitions, development, debt repayments

By Devika Patel

Knoxville, Tenn., Nov. 3 – HC2 Holdings Inc. will conduct a $50 million public offering of common stock, according to an 8-K and prospectus supplement filed Tuesday with the Securities and Exchange Commission.

Jefferies LLC is the bookrunner.

Proceeds will be used for investments in subsidiaries and operations, potential acquisitions, development and redevelopment activities, debt repayments, the repurchase or redemption of preferred stock and other general corporate purposes.

The holding company is based in Herndon, Va.

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