Company will sell stock through Ladenburg Thalmann and Roth Capital
By Devika Patel
Knoxville, Tenn., April 25 - Viggle Inc. said it priced a $35 million public sale of stock with a $5.25 million greenshoe. The deal was announced Jan. 10.
The company will sell 4,375,000 common shares at $8.00 per share. The price per share reflects a 4.58% premium to the April 24 closing share price of $7.65.
Ladenburg Thalmann & Co. Inc. and Roth Capital Partners are the bookrunning managers.
Proceeds will be used to pay down debt under a term loan agreement with Deutsche Bank Trust Co. Americas and for marketing and sales, working capital and general corporate purposes.
The entertainment company is based in New York.
| Issuer: | Viggle Inc.
|
| Issue: | Common stock
|
| Amount: | $35 million
|
| Greenshoe: | $5.25 million
|
| Shares: | 4,375,000
|
| Price: | $8.00
|
| Warrants: | No
|
| Bookrunners: | Ladenburg Thalmann & Co. Inc. and Roth Capital Partners
|
| Announcement date: | Jan. 10
|
| Pricing date: | April 25
|
| Stock symbol: | Nasdaq: VGGL
|
| Stock price: | $7.65 at close April 24
|
| Market capitalization: | $97.72 million
|
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