By Devika Patel
Knoxville, Tenn., Oct. 22 - H&R Block, Inc. arranged a registered direct offering of shares to raise about $145.25 million, according to a prospectus supplement filed Wednesday with the Securities and Exchange Commission.
The company will sell approximately 8.3 million common shares at $17.50 per share via agent Lazard Capital Markets LLC.
Settlement is expected Oct. 27.
Proceeds will be used to enhance capital and maintain financial flexibility.
H&R Block is a provider of tax, financial, accounting and business consulting services and products based in Kansas City, Mo.
| Issuer: | H&R Block, Inc.
|
| Issue: | Common stock
|
| Amount: | $145.25 million (approximate)
|
| Shares: | 8.3 million (approximate)
|
| Price: | $17.50
|
| Warrants: | No
|
| Agent: | Lazard Capital Markets LLC
|
| Pricing date: | Oct. 22
|
| Settlement date: | Oct. 27
|
| Stock symbol: | NYSE: HRB
|
| Stock price: | $17.97 at close Oct. 21
|
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