Proceeds used for debt repayment, working capital, corporate purposes
By Devika Patel
Knoxville, Tenn., June 7 - Textura Corp. said it priced its $75 million initial public offering of stock with an $11.25 million greenshoe. The deal was announced April 5. The shares will be listed on the NYSE exchange under the symbol "TXTR."
The company will sell 5 million common shares at $15.00 per share.
Credit Suisse and William Blair are the joint bookrunning managers.
Settlement is expected June 12.
Proceeds will be used to repay debt, for growth, working capital and other general corporate purposes.
The Deerfield, Ill., company provides on-demand business collaboration software to the commercial construction industry.
| Issuer: | Textura Corp.
|
| Issue: | Common stock
|
| Amount: | $75 million
|
| Greenshoe: | $11.25 million
|
| Shares: | 5 million
|
| Price: | $15.00
|
| Warrants: | No
|
| Bookrunners: | Credit Suisse and William Blair
|
| Co-managers: | JMP Securities, Oppenheimer & Co. and Barrington Research
|
| Announcement date: | April 5
|
| Pricing date: | June 7
|
| Settlement date: | June 12
|
| Stock symbol: | NYSE: TXTR
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
