15% series A senior redeemable preferreds and warrants sold to Monomoy
By Devika Patel
Knoxville, Tenn., July 31 – EveryWare Global, Inc. completed a $20 million private placement of series A senior redeemable preferred stock with Monomoy Capital Partners, LP on July 30, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company may redeem the 15% preferreds at 105.
Monomoy also received a warrant for 4,438,004 shares. The warrants are each exercisable at $0.01 for seven years. The strike price is a 99.53% discount to the July 29 closing share price of $2.11.
Monomoy was paid a $1.2 million fee.
The Lancaster, Ohio, company is a supplier of food preparation products.
| Issuer: | EveryWare Global, Inc.
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| Issue: | Series A senior redeemable preferred stock
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| Amount: | $20 million
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| Dividends: | 15%
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| Call: | At 105
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| Warrants: | For 4,438,004 shares
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| Warrant expiration: | Seven years
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| Warrant strike price: | $0.01
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| Investor: | Monomoy Capital Partners, LP
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| Fees: | $1.2 million
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| Settlement date: | July 30
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| Stock symbol: | Nasdaq: EVRY
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| Stock price: | $2.11 at close on July 29
|
| Market capitalization: | $55.49 million
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