Published on 5/17/2013 in the Prospect News PIPE Daily.
Harvest greenshoe exercised for $57.5 million IPO of common stock
Company offers 3,833,333 common shares at $15.00 apiece
By Devika Patel
Knoxville, Tenn., May 17 - Harvest Capital Credit Corp. said the underwriters for its initial public offering of stock opted to exercise the deal's $6.5 million greenshoe in full for total proceeds of $57.5 million. The deal priced for $51 million with the greenshoe on May 3.
The company sold 3,833,333 common shares at $15.00 apiece. Of the shares, 433,333 were part of the fully exercised greenshoe.
Keefe, Bruyette & Woods, JMP Securities and William Blair were the joint bookrunning managers.
The specialty finance company is based in New York.
Issuer: | Harvest Capital Credit Corp.
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Issue: | Common stock
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Amount: | $57,499,995 (including $6,499,995 greenshoe)
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Shares: | 3,833,333
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Price: | $15.00
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Warrants: | No
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Bookrunners: | Keefe, Bruyette & Woods, JMP Securities and William Blair
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Co-lead managers: | Janney Montgomery Scott and Sterne Agee
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Co-managers: | Wunderlich Securities and Sandler O'Neill + Partners, LP
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Pricing date: | May 3
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Settlement date: | May 17
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Stock symbol: | Nasdaq: HCAP
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