Offering, with $7.84 million greenshoe, finances corporate purposes
By Devika Patel
Knoxville, Tenn., May 5 - Mistras Group, Inc. priced a $52.23 million public sale of stock with a $7.84 million greenshoe, according to a prospectus supplement filed Friday with the Securities and Exchange Commission.
The company will sell 3,264,401 common shares at $16.00 apiece. The price per share is identical to the May 5 closing share price.
J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Inc. are joint bookrunners. Robert W. Baird & Co. Inc., Stephens Inc. and KeyBanc Capital Markets Inc. are also underwriters.
Settlement is expected May 11.
Proceeds will be used for general corporate purposes.
Based in Princeton Junction, N.J., Mistras is a provider of technology-enabled asset protection solutions used to evaluate the structural integrity of critical energy, industrial and public infrastructure.
| Issuer: | Mistras Group, Inc.
|
| Issue: | Common shares
|
| Amount: | $52,230,416
|
| Greenshoe: | $7,834,560
|
| Shares: | 3,264,401
|
| Price: | $16.00
|
| Warrants: | No
|
| Underwriters: | J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Inc. (joint bookrunners) Robert W. Baird & Co. Inc., Stephens Inc. and KeyBanc Capital Markets Inc.
|
| Pricing date: | May 6
|
| Settlement date: | May 11
|
| Stock symbol: | NYSE: MG
|
| Stock price: | $16.00 at close May 5
|
| Market capitalization: | $455.26 million
|
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