By Laura Lutz
Des Moines, Nov. 16 - Epiq Systems, Inc. arranged an $83 million private placement of sock.
The company plans to sell 5 million shares at $16.60 each.
Wachovia Capital Markets, LLC is the underwriter.
Proceeds will be used to fully pay down Epiq's senior revolving credit facility.
Epiq is a Kansas City, Kan.-based provider of software and services for the legal profession.
| Issuer: | Epiq Systems, Inc.
|
| Issue: | Stock
|
| Amount: | $83 million
|
| Shares: | 5 million
|
| Price: | $16.60
|
| Warrants: | No
|
| Agent: | Wachovia Capital Markets, LLC
|
| Pricing date: | Nov. 15
|
| Stock symbol: | Nasdaq: EPIQ
|
| Stock price: | $17.50 at close Nov. 15
|
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