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Taylor Morrison Home Corporation Completes Its Initial Public Offering

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Taylor Morrison Home Corporation Completes Its Initial Public Offering

SCOTTSDALE, Ariz.–(BUSINESS WIRE)– Taylor Morrison Home Corporation (NYS: TMHC) today announced that it has completed its initial public offering of 32,857,800 shares of the Company’s Class A common stock, including 4,285,800 shares of Class A common stock sold in connection with the full exercise of the option to purchase additional shares granted to the underwriters, at a price to the public of $22.00 per share. The shares began trading on the New York Stock Exchange on April 10, 2013 under the ticker symbol “TMHC.”

Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC and Zelman Partners LLC acted as joint book-running managers for the offering.

The offering of these securities was made only by means of a prospectus, copies of which may be obtained from the offices of:

From: http://www.dailyfinance.com/2013/04/12/taylor-morrison-home-corporation-completes-its-ini/

 
Credit Suisse Securities (USA) LLC
Attn: Prospectus Department
One Madison Avenue
New York, NY 10010-3629
(800) 221-1037
Business, Finance, Occupation & Industry

Frontier Communications Announces Extension of the Early Tender Deadline With Respect to its Tender

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Frontier Communications Announces Extension of the Early Tender Deadline With Respect to its Tender Offer for its 8.250% Senior Notes due 2017

STAMFORD, Conn.–(BUSINESS WIRE)– Frontier Communications Corporation (NAS: FTR) today announced that it has extended the early tender deadline from 5:00 p.m., New York City Time, on April 9, 2013 to 5:00 p.m., New York City Time, on April 11, 2013 with respect to its previously announced cash tender offer (the “Offer”) to purchase up to $225.0 million aggregate principal amount of its 8.250% Senior Notes due 2017 (the “2017 Notes”). The Company is not extending the withdrawal deadline with respect to the Offer for the 2017 Notes, which occurred on April 9, 2013 (the “Withdrawal Deadline“). Accordingly, previously tendered 2017 Notes and 2017 Notes tendered after the Withdrawal Deadline and prior to the expiration of the Offer may not be withdrawn. As previously announced, the Offer is scheduled to expire at 9:00 a.m., New York City Time, on April 24, 2013, unless extended or terminated.

Frontier has retained J.P. Morgan Securities LLC, Barclays Capital Inc., BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and RBS Securities Inc. to serve as dealer managers for the Offer. Frontier has retained MacKenzie Partners, Inc. to serve as the depositary and information agent.

For additional information regarding the terms of the Offer, please contact J.P. Morgan Securities LLC at (800) 245-8812 (toll free) or (212) 270-1200 (collect), Barclays Capital Inc. at (800) 438-3242 (toll free) or (212) 528-7581 (collect), BofA Merrill Lynch at (888) 292-0070 (toll free) or (646) 855-3401 (collect), Citigroup Global Markets Inc. at (800) 558-3745 (toll free) or (212) 723-6106 (collect), Credit Suisse Securities (USA) LLC at (800) 820-1653 (toll free) or (212) 538-0083 (collect), Deutsche Bank Securities Inc. at (866) 627-0391 (toll free) or (212) 250-7527 (collect), Morgan Stanley & Co. LLC at (800) 624-1808 (toll free) or (212) 761-1057 (collect) or RBS Securities Inc. at (877) 297-9832 (toll free) or (203) 897-4825 (collect). Requests for documents and questions regarding the tender of the 2017 Notes may be directed to MacKenzie Partners, Inc. at (800) 322-2885 (toll free) or (212) 929-5500 (collect).

None of Frontier, Frontier’s board of directors, any of the dealer managers, the depositary and information agent and the trustee under the 2017 Notes makes any recommendation in connection with the Offer. Holders must make their own decisions as to whether to tender their 2017 Notes, and, if so, the principal amount of 2017 Notes to tender.

…read more

Source: FULL ARTICLE at DailyFinance

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Taylor Morrison Home Corporation Announces Pricing of Initial Public Offering

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Taylor Morrison Home Corporation Announces Pricing of Initial Public Offering

SCOTTSDALE, Ariz.–(BUSINESS WIRE)– Taylor Morrison Home Corporation (NYS: TMHC) today announced the pricing of its initial public offering of 28,572,000 shares of the Company’s Class A common stock at a price to the public of $22.00 per share. The shares will be listed on the New York Stock Exchange and will trade under the ticker symbol “TMHC” beginning on April 10, 2013. The underwriters also have a 30-day option to purchase up to an additional 4,285,800 shares of the Company’s Class A common stock at the initial public offering price less the underwriting discount. The offering is expected to close on April 12, 2013.

Total net proceeds to the Company from the offering, after deducting the underwriting discount, will be approximately $590.9 million. The Company intends to use approximately $204.3 million of the net proceeds to purchase ownership interests in its direct operating subsidiary whose subsidiaries will then use those proceeds to redeem approximately $189.6 million of their outstanding senior notes. The Company intends to use the remaining approximately $386.6 million of the net proceeds, together with cash on hand, to purchase additional ownership interests in its direct operating subsidiary from its current equity sponsors and certain members of management.

Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC and Zelman Partners LLC are acting as joint book-running managers for the offering.

The offering of these securities was made only by means of a prospectus, copies of which may be obtained from the offices of:

Credit Suisse Securities (USA) LLC
Attn: Prospectus Department
One Madison Avenue
New York, NY 10010-3629
(800) 221-1037
newyork.prospectus@credit-suisse.com

Citigroup Global Markets Inc.
Attention: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
(800) 831-9146

Deutsche Bank Securities Inc.
Attention: Prospectus Group
60 Wall Street
New York, New York 10005-2836
(800) 503-4611
prospectus.cpdg@db.com

Goldman, Sachs & Co.
Attn: Prospectus Department
200 West Street
New York, NY 10282
(866) 471-2526
prospectus-ny@ny.email.gs.com

J.P. Morgan Securities LLC
Attention: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
(866) 803-9204

A registration statement relating to the common shares has been filed with, and declared effective by, the Securities and Exchange Commission. This press release does not constitute an offer to sell, or the solicitation of an …read more

Source: FULL ARTICLE at DailyFinance

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Boston Properties Prices $500 Million Offering of Senior Unsecured Notes

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Boston Properties Prices $500 Million Offering of Senior Unsecured Notes

BOSTON–(BUSINESS WIRE)– Boston Properties, Inc. (NYSE: BXP), a real estate investment trust, announced today that its operating partnership, Boston Properties Limited Partnership (“BPLP“), has agreed to sell $500 million of 3.125% senior unsecured notes due 2023 in an underwritten public offering through Citigroup, Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC, as joint book-running managers. The notes were priced at 99.379% of the principal amount to yield 3.196% to maturity. The notes will mature on September 1, 2023 unless earlier redeemed. The offering is expected to close on April 11, 2013.

The estimated net proceeds from this offering are expected to be approximately $492.5 million after deducting underwriting discounts and estimated transaction expenses of approximately $7.5 million. BPLP intends to use the net proceeds from the sale of the notes for general business purposes, which may include investment opportunities and debt reduction. Pending such uses, BPLP may invest the net proceeds in short-term, interest-bearing securities.

The offering is being made only by means of a prospectus and related prospectus supplement, a copy of which may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, toll free at (800) 831-9146 or at batprospectusdept@citi.com; Deutsche Bank Securities Inc. at Attn.: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, or by calling toll free at (800) 503-4611 or by emailing prospectus.CPDG@db.com; Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 11th Floor, New York, New York 10038, Attention: Prospectus Department, by calling (800) 294-1322 or by email at dg.prospectus_requests@baml.com; and Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department, or by calling (866) 718-1649 or by email at prospectus@morganstanley.com. An effective registration statement is on file with the Securities and Exchange Commission (SEC), and a copy of the prospectus and related prospectus supplement also will be available on the SEC‘s website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Boston Properties is a fully integrated, self-administered and self-managed real estate …read more
Source: FULL ARTICLE at DailyFinance

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RAIT Financial Trust Announces Full Exercise of Underwriters' Option

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RAIT Financial Trust Announces Full Exercise of Underwriters’ Option

PHILADELPHIA–(BUSINESS WIRE)– RAIT Financial Trust (NYS: RAS) (the “Company”), announced today the exercise of the underwriters’ option to purchase 1,200,000 of the Company’s common shares. The option was exercised in connection with the Company’s recently announced underwritten public offering which priced on March 28, 2013. Including the shares sold in connection with the underwriters’ option, a total of 9,200,000 common shares were sold at a price to the public of $7.87 per share. Total net proceeds to the Company from the offering, after deducting the underwriting discount and estimated offering expenses, will be approximately $69.9 million. The offering is expected to close on April 3, 2013. RAIT intends to use the net proceeds to make investments relating to its business and for general corporate purposes.

Deutsche Bank Securities and Barclays are acting as the joint book-running managers of the offering. Compass Point, JMP Securities and Ladenburg Thalmann & Co. Inc. are acting as the co-managers of the offering.

A registration statement relating to the offered securities has been declared effective by the Securities and Exchange Commission (“SEC”). The offering is being made only by means of a prospectus supplement and accompanying base prospectus. Copies of the prospectus supplement and the related prospectus for the offering may be obtained by contacting: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by calling (800) 503-4611, or by emailing prospectus.cpdg@db.com; or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, Telephone: (888) 603-5847, or by emailing barclaysprospectus@broadridge.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the shares, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

About RAIT Financial Trust

RAIT Financial Trust is an internally-managed real estate investment trust that provides debt financing options to owners of commercial real estate and invests directly into commercial real estate properties located throughout the United States. In addition, RAIT is an asset and property manager of real estate-related assets.

Safe-Harbor Statement

Certain items in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform …read more
Source: FULL ARTICLE at DailyFinance

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Frontier Communications Corporation Prices Upsized Offering of $750.0 Million of Senior Notes Due 20

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Frontier Communications Corporation Prices Upsized Offering of $750.0 Million of Senior Notes Due 2024

STAMFORD, Conn.–(BUSINESS WIRE)– Frontier Communications Corporation (NAS: FTR) announced today that it has priced an upsized registered offering of $750.0 million aggregate principal amount of 7.625% Senior Notes due 2024 (the “2024 Notes”). The size of the offering was increased from the previously announced $500 million. The issue price is 100.00% of the principal amount of the notes. Frontier will receive net proceeds of approximately $736.875 million from the offering after deducting underwriting discounts and commissions and before deducting estimated expenses. Frontier intends to use the net proceeds of the offering, together with cash on hand, to finance cash tender offers announced and also upsized today to purchase up to $899.8 million aggregate principal amount of outstanding 6.625% Senior Notes due 2015, 7.875% Senior Notes due 2015 and 8.250% Senior Notes due 2017. The offering is expected to close on April 10, 2013.

The joint book-running managers for the offering are J.P. Morgan Securities LLC, Barclays Capital Inc., BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and RBS Securities Inc. You may obtain a final prospectus supplement, when available, and prospectus by contacting J.P. Morgan Securities LLC c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York at (866) 803-9204 (toll free).

This press release shall not constitute an offer to sell, or the solicitation of, an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. A registration statement relating to the 2024 Notes became effective on May 10, 2012, and the offering is being made by means of a prospectus supplement.

Forward-Looking Statements

This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management’s views and assumptions regarding future events and business performance. Words such as “believe,” “anticipate,” “expect” and similar expressions are intended to identify forward-looking statements. Forward-looking statements (including oral representations) involve risks and uncertainties that may cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. These risks and …read more
Source: FULL ARTICLE at DailyFinance

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RAIT Financial Trust Prices and Upsizes Public Offering of Common Stock

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RAIT Financial Trust Prices and Upsizes Public Offering of Common Stock

PHILADELPHIA–(BUSINESS WIRE)– RAIT Financial Trust (NYS: RAS) (the “Company”) announced today the pricing and upsizing of its underwritten public offering of 8,000,000 common shares at a public offering price of $7.87 per share. The offering was increased by 1,000,000 shares from the originally announced offering of 7,000,000 shares. The Company has granted the underwriters a 30-day option to purchase up to 1,200,000 additional common shares. The offering is expected to close on April 3, 2013.

Deutsche Bank Securities and Barclays are acting as the joint book-running managers of the offering.

The Company intends to use the net proceeds of the offering to make investments relating to its business and for general corporate purposes.

A registration statement relating to the offered securities has been declared effective by the Securities and Exchange Commission (“SEC”). The offering is being made only by means of a prospectus supplement and accompanying base prospectus. Copies of the prospectus supplement and the related prospectus for the offering, when available, may be obtained by contacting: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by calling (800) 503-4611, or by emailing prospectus.cpdg@db.com or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, Telephone: (888) 603-5847, or by emailing barclaysprospectus@broadridge.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the shares, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

About RAIT Financial Trust

RAIT Financial Trust is an internally-managed real estate investment trust that provides debt financing options to owners of commercial real estate and invests directly into commercial real estate properties located throughout the United States. In addition, RAIT is an asset and property manager of real estate-related assets.

Safe-Harbor Statement

Certain items in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which can be identified by words like “expect,” “intend” and similar expressions. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that …read more
Source: FULL ARTICLE at DailyFinance

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RAIT Financial Trust Announces Public Offering of Common Stock

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RAIT Financial Trust Announces Public Offering of Common Stock

PHILADELPHIA–(BUSINESS WIRE)– RAIT Financial Trust (NYS: RAS) (the “Company”) announced today that it has commenced an underwritten public offering of 7,000,000 common shares. The Company expects to grant the underwriters a 30-day option to purchase up to 1,050,000 additional common shares.

Deutsche Bank Securities and Barclays are acting as the joint book-running managers of the offering.

The Company intends to use the net proceeds of the offering to make investments relating to its business and for general corporate purposes.

A registration statement relating to the offered securities has been declared effective by the Securities and Exchange Commission (“SEC”). The offering is being made only by means of a prospectus supplement and accompanying base prospectus. Copies of the preliminary prospectus supplement and the related prospectus for the proposed offering, when available, may be obtained by contacting: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by calling (800) 503-4611, or by emailing prospectus.cpdg@db.com or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, Telephone: (888) 603-5847, or by emailing barclaysprospectus@broadridge.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the shares, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

About RAIT Financial Trust

RAIT Financial Trust is an internally-managed real estate investment trust that provides debt financing options to owners of commercial real estate and invests directly into commercial real estate properties located throughout the United States. In addition, RAIT is an asset and property manager of real estate-related assets.

Safe-Harbor Statement

Certain items in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which can be identified by words like “expect,” “intend” and similar expressions. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements; the Company can give no assurance that its expectations will be attained. Forward-looking statements are necessarily speculative in nature, and …read more
Source: FULL ARTICLE at DailyFinance

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Frontier Communications Announces Offering of $500 Million of Senior Notes

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Frontier Communications Announces Offering of $500 Million of Senior Notes

STAMFORD, Conn.–(BUSINESS WIRE)– Frontier Communications Corporation (NAS: FTR) announced today that it has commenced a registered offering of $500 million aggregate principal amount of Senior Notes due 2024 (the “Notes”).

Frontier expects to use the net proceeds from the offering of the Notes, together with available cash, to finance its cash tender offers, announced today, to purchase up to $674.8 million in aggregate principal amount of its outstanding 7.875% Senior Notes due 2015 and 6.625% Senior Notes due 2015. If the tender offers are terminated for any reason, or if any net proceeds otherwise remain following the tender offers, Frontier intends to use such net proceeds for the selective repurchase, repayment or redemption of its outstanding debt or otherwise for general corporate purposes.

The joint book-running managers for the offering are J.P. Morgan Securities LLC, Barclays Capital Inc., BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and RBS Securities Inc. You may obtain a preliminary prospectus supplement and prospectus by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, at (866) 803-9204 (toll free).

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of securities mentioned in this press release in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. A registration statement relating to the Notes became effective on May 10, 2012, and the offering is being made by means of a prospectus supplement.

About Frontier Communications

Frontier Communications Corporation (NAS: FTR) offers broadband, voice, satellite video, wireless Internet data access, data security solutions, bundled offerings, specialized bundles for residential customers, small businesses and home offices and advanced business communications for medium and large businesses in 27 states. Frontier’s approximately 14,700 employees are based entirely in the United States. More information is available at www.frontier.com.

Forward-Looking Statements

This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of The …read more
Source: FULL ARTICLE at DailyFinance

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American Campus Communities, Inc. Announces Pricing of $400 Million 3.750 Percent Senior Unsecured N

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American Campus Communities, Inc. Announces Pricing of $400 Million 3.750 Percent Senior Unsecured Notes Due 2023

AUSTIN, Texas–(BUSINESS WIRE)– American Campus Communities, Inc. (NYS: ACC) , the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that its operating partnership, American Campus Communities Operating Partnership LP, priced a $400 million offering of senior unsecured notes under its existing shelf registration. These ten-year notes were issued at 99.659 percent of par value with a coupon of 3.750 percent and are fully and unconditionally guaranteed by the Company. Interest on the notes is payable semi-annually on April 15 and October 15, with the first payment beginning on October 15, 2013. The notes will mature on April 15, 2023. The Operating Partnership expects to use the net proceeds of approximately $394.9 million to repay the outstanding balance of its revolving credit facility, to fund its current development pipeline and potential acquisitions of student housing properties and for general business purposes. Settlement is scheduled for April 2, 2013.

BofA Merrill Lynch, Deutsche Bank Securities, J.P. Morgan and Wells Fargo Securities are Joint Book-Running Managers for the offering.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. A copy of the prospectus supplement and prospectus relating to the offering may be obtained by contacting Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York NY 10005, (800) 503-4611; J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attention: Investment Grade Syndicate Desk – 3rd floor, by calling (212) 834-4533; Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, 11th Floor, New York, NY 10038, Attention: Prospectus Department, by calling 800-294-1322 or by email at dg.prospectus_requests@baml.com; or Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, NC 28262, Attention: Capital Markets Client Support, by telephone by calling (800) 326-5897 or e-mail request to cmclientsupport@wellsfargo.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these notes in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any …read more
Source: FULL ARTICLE at DailyFinance

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Model N Announces Exercise of Over-Allotment Option

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Model N Announces Exercise of Over-Allotment Option

REDWOOD CITY, Calif.–(BUSINESS WIRE)– Model N, Inc. (NYS: MODN) , a provider of revenue management solutions for the life science and technology industries, today announced that the underwriters of its initial public offering exercised in full their option to purchase an additional 1,011,000 shares of common stock from the company. As a result, the total initial public offering size is 7,751,000 shares of common stock, which consists of 7,011,000 shares of common stock to be sold by Model N and 740,000 shares of common stock to be sold by the selling stockholder. All shares sold in the offering are being sold at a price to the public of $15.50. Model N will not receive any proceeds from the sale of shares by the selling stockholders.

J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. are acting as joint bookrunning managers for the offering, and Stifel, Nicolaus & Company, Incorporated, Pacific Crest Securities LLC, Piper Jaffray & Co. and Raymond James & Associates, Inc. are acting as co-managers for the offering.

The offering is being made only by means of a prospectus. A copy of the final prospectus relating to the offering may be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Phone: (866) 803-9204; or Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10005, Attention: Prospectus Department, by calling (800) 503-4611, or by e-mailing prospectus.cpdg@db.com.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Investor Relations Contact:
ICR for Model N
Greg Kleiner, 650-610-4998
investorrelations@modeln.com
or
Media Contact:
Model N
Kristin Lee, 650-610-4717
Marketing
klee@modeln.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

The article Model N Announces Exercise of Over-Allotment Option originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, …read more
Source: FULL ARTICLE at DailyFinance

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Trulia Announces Exercise of Option to Purchase Additional Shares in Follow-On Offering

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Trulia Announces Exercise of Option to Purchase Additional Shares in Follow-On Offering

SAN FRANCISCO–(BUSINESS WIRE)– Trulia, Inc. (NYS: TRLA) , a leading online marketplace for homebuyers, sellers, renters and real estate professionals, today announced that the underwriters of its previously announced follow-on offering have exercised in full their option to purchase an aggregate of 931,606 additional shares of Trulia’s common stock, 525,000 of which will be purchased from Trulia and 406,606 of which will be purchased from certain selling stockholders, at the public offering price of $29.75, less underwriting discounts and commissions. The closing of the option exercise is expected to occur on March 26, 2013, subject to customary closing conditions.

Deutsche Bank Securities, J.P. Morgan Securities and RBC Capital Markets are serving as joint book-running managers for the offering. Needham & Company and William Blair are serving as co-managers.

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. The offering is being made only by means of a prospectus. A copy of the final prospectus relating to the offering may be obtained from: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, Phone: (800) 503-4611, e-mail: prospectus.cpdg@db.com; J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Phone: (866) 803-9204; or RBC Capital Markets, LLC, Attention: Equity Syndicate, Three World Financial Center, 200 Vesey Street, New York, NY 10281, Phone: (877) 822-4089.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Trulia, Inc.
Media:
Ken Shuman, 415-517-7211
ken@trulia.com
or
Investor Relations:
Ian Lee, 415-400-7238
ilee@trulia.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

The article Trulia Announces Exercise of Option to Purchase Additional Shares in Follow-On Offering originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us …read more
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Model N Announces Pricing of Initial Public Offering

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Model N Announces Pricing of Initial Public Offering

Shares to Trade on NYSE under Ticker Symbol “MODN”

REDWOOD CITY, Calif.–(BUSINESS WIRE)– Model N, Inc., a provider of revenue management solutions for the life science and technology industries, today announced the pricing of its initial public offering of 6,740,000 shares of its common stock, including 6,000,000 shares from the company and 740,000 shares from a selling stockholder, at a price to the public of $15.50 per share. The shares are expected to begin trading on the New York Stock Exchange on March 20, 2013, under the symbol “MODN.” In addition, the company has granted the underwriters a 30-day option to purchase up to 1,011,000 additional shares of common stock.

J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. are acting as joint bookrunning managers for the offering, and Stifel, Nicolaus & Company, Incorporated, Pacific Crest Securities LLC, Piper Jaffray & Co. and Raymond James & Associates, Inc. are acting as co-managers for the offering.

The offering will be made only by means of a prospectus. A copy of the final prospectus relating to the offering may be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Phone: (866) 803-9204; or Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10005, Attention: Prospectus Department, by calling (800) 503-4611, or by e-mailing prospectus.cpdg@db.com.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Investor Relations Contact:
ICR for Model N
Greg Kleiner, 650-610-4998
investorrelations@modeln.com
or
Media Contact:
Model N
Kristin Lee, 650-610-4717
Marketing
klee@modeln.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

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Ramco-Gershenson Properties Announces Closing of Common Share Offering

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Ramco-Gershenson Properties Announces Closing of Common Share Offering

FARMINGTON HILLS, Mich.–(BUSINESS WIRE)– Ramco-Gershenson Properties Trust (NYS: RPT) announced today the closing of its underwritten public offering of 8,050,000 newly issued common shares of beneficial interest priced at $15.55 per share, which included 1,050,000 common shares issued pursuant to the exercise of the underwriter’s option.

Ramco-Gershenson received approximately $122,103,000 in net proceeds from the offering after deducting the underwriting discount and other estimated offering expenses payable by the Company. The Company intends to use the net proceeds of the offering to fund a portion of the consideration for the acquisition of 12 shopping centers from its Ramco/Lion LP joint venture, which was announced on March 11, 2013, as well as for general corporate purposes.

Deutsche Bank Securities acted as sole book-running manager for the transaction.

This offering is being made pursuant to an effective shelf registration statement and related prospectus and prospectus supplement filed by the Company with the Securities and Exchange Commission. Copies of the prospectus and prospectus supplement for this offering may be obtained by contacting Deutsche Bank Securities Inc., Attn.: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, or by email at prospectus.cpdg@db.comprospectus.CPDG@db.com, or by calling (800) 503-4611.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Ramco-Gershenson Properties Trust

Ramco-Gershenson Properties Trust (NYS: RPT) is a fully integrated, self-administered, publicly-traded real estate investment trust (REIT) based in Farmington Hills, Michigan. The Company’s business is the ownership and management of multi-anchor shopping centers in strategic, quality of life markets throughout the Eastern, Midwestern and Central United States. At December 31, 2012, the Company owned interests in and managed a portfolio of 78 shopping centers and one office building with approximately 15.0 million square feet of gross leasable area owned by the Company or its joint ventures. The properties are located in Michigan, Florida, Ohio, Georgia, Missouri, Colorado, Wisconsin, Illinois, Indiana, New Jersey, Virginia, Maryland, and Tennessee. At December 31, 2012, the Company’s core operating portfolio was 94.6% leased. For additional information regarding Ramco-Gershenson Properties Trust visit the Company’s …read more
Source: FULL ARTICLE at DailyFinance

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Trulia Announces Pricing of Follow-On Offering

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Trulia Announces Pricing of Follow-On Offering

SAN FRANCISCO–(BUSINESS WIRE)– Trulia, Inc. (NYS: TRLA) , a leading online marketplace for homebuyers, sellers, renters and real estate professionals, today announced the pricing of its follow-on public offering of an aggregate of 6,210,705 shares of its common stock at a price to the public of $29.75 per share. Trulia is selling 3,500,000 shares of common stock and certain selling stockholders are selling 2,710,705 shares of common stock in the offering. In addition, Trulia and certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to an aggregate of 931,606 additional shares of common stock at the public offering price, 525,000 of which would be offered by Trulia and 406,606 of which would be offered by certain selling stockholders.

Deutsche Bank Securities, J.P. Morgan Securities and RBC Capital Markets are serving as joint book-running managers for the offering. Needham & Company and William Blair are serving as co-managers.

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. The offering is being made only by means of a prospectus. A copy of the final prospectus relating to the offering may be obtained from: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, Phone: (800) 503-4611, e-mail: prospectus.cpdg@db.com; J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Phone: (866) 803-9204; or RBC Capital Markets, LLC, Attention: Equity Syndicate, Three World Financial Center, 200 Vesey Street, New York, NY 10281, Phone: (877) 822-4089.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Trulia, Inc.
Media Contact Information:
Ken Shuman, 415-517-7211
ken@trulia.com
or
Investor Relations Contact Information:
Ian Lee, 415-400-7238
ilee@trulia.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

The article Trulia Announces Pricing of Follow-On Offering originally appeared on Fool.com.

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Ramco-Gershenson Properties Announces Pricing of Common Share Offering

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By Business Wirevia The Motley Fool

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Ramco-Gershenson Properties Announces Pricing of Common Share Offering

FARMINGTON HILLS, Mich.–(BUSINESS WIRE)– Ramco-Gershenson Properties Trust (NYS: RPT) announced today that it priced an upsized public offering of 7,000,000 newly issued common shares of beneficial interest at a public offering price of $15.55 per share.

In connection with the offering, the Company has granted the underwriter a 30-day option to purchase up to an additional 1,050,000 common shares of beneficial interest. Subject to customary conditions, the offering is expected to close on March 18, 2013.

The Company intends to use the net proceeds of the offering to fund a portion of the consideration for the acquisition of 12 shopping centers from its Ramco/Lion LP joint venture, which was announced on March 11, 2013, as well as for general corporate purposes. The offering is not conditioned on the completion of the acquisition.

Deutsche Bank Securities is acting as sole book-running manager.

This offering is being made pursuant to an effective shelf registration statement and related prospectus and prospectus supplement filed by the Company with the Securities and Exchange Commission. When available, copies of the prospectus and prospectus supplement for this offering may be obtained by contacting Deutsche Bank Securities Inc., Attn.: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, or by email at prospectus.cpdg@db.com, or by calling (800) 503-4611.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Ramco-Gershenson Properties Trust

Ramco-Gershenson Properties Trust (NYS: RPT) is a fully integrated, self-administered, publicly-traded real estate investment trust (REIT) based in Farmington Hills, Michigan. The Company’s business is the ownership and management of multi-anchor shopping centers in strategic, quality of life markets throughout the Eastern, Midwestern and Central United States. At December 31, 2012, the Company owned interests in and managed a portfolio of 78 shopping centers and one office building with approximately 15.0 million square feet of gross leasable area owned by the Company or its joint ventures. The properties are located in Michigan, Florida, Ohio, Georgia, Missouri, Colorado, Wisconsin, Illinois, Indiana, New Jersey, Virginia, Maryland, and Tennessee. …read more
Source: FULL ARTICLE at DailyFinance

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Delek US Holdings Announces Secondary Offering by Selling Stockholder and Repurchase of its Common S

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Delek US Holdings Announces Secondary Offering by Selling Stockholder and Repurchase of its Common Stock

BRENTWOOD, Tenn.–(BUSINESS WIRE)– Delek US Holdings, Inc. (NYS: DK) (“Delek US”) announced today the commencement of an underwritten secondary offering of 7,825,000 shares of its common stock offered by Delek Hungary Holding Limited Liability Company (the “Selling Stockholder“). The underwriters will also have a 30-day option to purchase up to an additional 1,173,750 shares of common stock from the Selling Stockholder. Delek US will not sell any shares or receive any proceeds from the offering.

In addition, Delek US announced that its Board of Directors has authorized a $75 million common stock repurchase program. In connection with this program, Delek US has entered into a stock repurchase agreement with the Selling Stockholder pursuant to which it intends to repurchase 1,000,000 shares of its common stock from the Selling Stockholder concurrently with the closing of the offering. The remaining shares may be repurchased from time to time in open market or privately negotiated transactions, subject to market conditions and other factors. The authorization under the common stock repurchase program shall expire on December 31, 2013.

The repurchase of shares from the Selling Stockholder will be effected in a private, non-underwritten transaction at a price per share equal to the price per share being paid by the underwriters to the Selling Stockholder in the offering. Delek US expects to use cash on hand to fund the stock repurchase. The closing of the stock repurchase is contingent on the closing of the offering and the satisfaction of certain other customary conditions. The closing of the offering is not contingent on the closing of the stock repurchase.

Barclays Capital Inc., Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC and Goldman, Sachs & Co. are acting as joint book-running managers for the offering.

A shelf registration statement (including a prospectus) for the offering to which this communication relates was previously filed by Delek US with the U.S. Securities and Exchange Commission (“SEC“) and became effective on February 7, 2011. A preliminary prospectus relating to the offering has been filed with the SEC. The offering will be made only by means of a prospectus supplement and accompanying base prospectus. Copies of the prospectus supplement and the accompanying prospectus relating to these securities may be obtained without charge from:

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Source: FULL ARTICLE at DailyFinance
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ACE Limited Announces Pricing of $950 Million Senior Notes Offering by Subsidiary

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ACE Limited Announces Pricing of $950 Million Senior Notes Offering by Subsidiary

ZURICH–(BUSINESS WIRE)– ACE Limited (NYS: ACE) announced today that its subsidiary, ACE INA Holdings Inc., has agreed to sell $475 million of 2.70% senior notes due March 2023, and $475 million of 4.15% senior notes due March 2043. The notes are guaranteed by ACE Limited.

The net proceeds from the sale of the notes will be used to repay at maturity $500 million of the company’s 5.88% senior notes maturing in June 2014 and $450 million of its 5.60% senior notes maturing in May 2015. Pending such application, the company may make the net proceeds available to its subsidiaries or invest them in marketable securities.

The joint book-running managers for the offering are Citigroup Global Markets Inc., Wells Fargo Securities, LLC, Mitsubishi UFJ Securities (USA), Inc. and Deutsche Bank Securities Inc.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the senior notes or any other securities, nor will there be any sale of the senior notes or any other securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus supplement and accompanying prospectus. When available, copies of these documents may be obtained from: Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling 1-800-831-9146; or Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, NC 28262, Attn: Capital Markets Client Support, or by calling 800-326-5897 or by email cmclientsupport@wellsfargo.com. Alternatively, the prospectus supplement and accompanying prospectus may be obtained by visiting EDGAR on the SEC Web site at www.sec.gov.

The ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 53 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of the ACE Group, is listed on the New York Stock Exchange (NYS: ACE) and is a component of the S&P 500 index.

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Source: FULL ARTICLE at DailyFinance