Apollo Investment (AINV) Prices 18M Shares At $8.75 A Share
More News related to AINV
- Apollo Investment Corporation Announces September 30, 2009 Quarterly Financial Results and Quarterly Dividend of $0.28 per Share
- Trading Radar for 11/05: Starbucks (SBUX), CBS Corp. (CBS), CVS (CVS), Toyota (TM), Thomson Reuters (TRI)
- Apollo Investment Corporation Schedules Quarterly Earnings Release for the Period Ended September 30, 2009
- SunTrust Initiates Coverage on Apollo Investment (AINV) with a Neutral
- Apollo Investment (AINV) Prices 18M Shares At $8.75 A Share
Apollo Investment Corporation (NASDAQ: AINV) announces that it has priced its public offering of 18 million shares of its common stock at an offering price of $8.75 per share, raising $157.5 million of gross proceeds. The Company has granted the underwriters an option to purchase up to an additional 2.7 million shares to cover over-allotments, if any. The offering is subject to customary closing conditions and is expected to close on August 18, 2009.
The Company expects to use the net proceeds of this offering to fund new investments, repay outstanding indebtedness and for general corporate purposes.
Citi, BofA Merrill Lynch, J.P. Morgan Securities Inc. and Wells Fargo Securities, LLC are joint bookrunning managers for the offering. SunTrust Robinson Humphrey, Inc., BMO Capital Markets Corp., RBC Capital Markets Corporation and Keefe, Bruyette & Woods, Inc. are co-managers.
Sign up at EasyStockAlerts for free to see your stock news before it breaks to the rest of the public!
Related Categories
Equity OfferingsStocks Mentioned
-0.19Related Entities
- Keefe, Bruyette & Woods
- JPMorgan
- Citi
- Merrill Lynch
- Banc of America
- BMO Capital
- RBC Capital
- SunTrust Robinson Humphrey
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
