ATLANTA, June 25, 2021 (GLOBE NEWSWIRE) — First Benefit Company (“First Benefit”), a number one world supplier of expertise options for screening, verifications, security and compliance associated to human capital, right this moment introduced the closing of its upsized preliminary public providing of 29,325,000 shares of its frequent inventory at a value to the general public of $15.00 per share, together with the total train by the underwriters of their choice to buy as much as 3,825,000 extra shares of frequent inventory. Of the offered shares, 22,856,250 shares have been offered by First Benefit, and 6,468,750 shares have been offered by sure present stockholders of First Benefit. The providing was upsized 20% from the variety of provided shares at launch and priced on the prime of the worth vary indicated at launch.
First Benefit’s frequent inventory is listed on the Nasdaq World Choose Market and trades beneath the ticker image “FA.”
First Benefit acquired web proceeds of roughly $315.8 million from the providing after deducting underwriting reductions and commissions and estimated providing bills. First Benefit intends to make use of the web proceeds to repay a portion of the excellent indebtedness beneath its first-lien time period mortgage facility and for normal company functions. First Benefit didn’t obtain any proceeds from the sale of frequent inventory by the promoting stockholders.
Barclays, BofA Securities and J.P. Morgan acted as lead bookrunners for the providing. Citigroup, Evercore ISI, Jefferies, RBC Capital Markets, Stifel and HSBC acted as bookrunners, and Residents Capital Markets, KKR Capital Markets LLC, MUFG, Loop Capital Markets, R. Seelaus & Co., LLC, Ramirez & Co., Inc. and Roberts & Ryan acted as co-managers for the providing.
A registration assertion on Kind S-1 regarding the providing was declared efficient by the Securities and Trade Fee (the “SEC”). Copies of the registration assertion will be accessed by the SEC’s web site at www.sec.gov. This press launch doesn’t represent a suggestion to promote or the solicitation of a suggestion to purchase any securities and shall not represent a suggestion, solicitation, or sale in any jurisdiction through which such provide, solicitation, or sale could be illegal previous to registration or qualification beneath the securities legal guidelines of that jurisdiction. Any presents, solicitations or presents to purchase, or any gross sales of securities will probably be made in accordance with the registration necessities of the Securities Act of 1933, as amended.
The providing was made solely by way of a prospectus. Copies of the prospectus associated to the providing will be obtained from: Barclays Capital Inc., Attn: Broadridge Monetary Options, 1155 Lengthy Island Avenue, Edgewood, NY 11717, by phone at 888-603-5847, or by electronic mail at Barclaysprospectus@broadridge.com; BofA Securities, Attn: Prospectus Division, NC1-004-03-43, 200 North School Avenue, third ground, Charlotte, North Carolina, 28255-0001, by electronic mail at firstname.lastname@example.org; or J.P. Morgan Securities LLC, Consideration: Broadridge Monetary Options, 1155 Lengthy Island Avenue, Edgewood, NY 11717 or by phone at 866-803-9204 or by electronic mail at email@example.com.
Ahead Wanting Statements
This press launch comprises forward-looking statements. Ahead-looking statements embrace all statements that aren’t historic info. The phrases “consider,” “could,” “will,” “estimate,” “proceed,” “anticipate,” “intend,” “count on” and comparable expressions are meant to establish forward-looking statements. These forward-looking statements embrace any statements concerning using proceeds. These forward-looking statements are topic to quite a lot of dangers, uncertainties and assumptions, together with these described beneath “Threat Components” beneath First Benefit’s registration assertion regarding the providing. Besides as required by regulation, First Benefit has no obligation to replace any of those forward-looking statements to adapt these statements to precise outcomes or revised expectations.
About First Benefit
First Benefit is a number one world supplier of expertise options for screening, verifications, security and compliance associated to human capital. The corporate delivers revolutionary options and insights that assist clients handle threat and rent one of the best expertise. Enabled by its proprietary expertise platform, First Benefit’s merchandise and options assist firms defend their manufacturers and supply protected environments for his or her clients and their most necessary assets: staff, contractors, contingent employees, tenants and drivers. Headquartered in Atlanta, Georgia, First Benefit has places of work in North America, Europe, Asia and the Center East.
CONTACT: Media Contact: Elisabeth Warrick First Benefit firstname.lastname@example.org (888) 314-9761 Jeanne Achille The Devon Group email@example.com +1-732-706-0123, ext. 700