Deutsche Bank, Oppenheimer, BB&T, Aegis and National Securities assist
By Devika Patel
Knoxville, Tenn., Nov. 26 - America First Multifamily Investors LP said it priced a $45 million public offering of stock with a $6.75 million greenshoe. The deal was announced on Monday.
The company will sell 7.2 million common shares at $6.25 per share. The price per share is a 6.72% discount to the Nov. 25 closing share price of $6.70.
Deutsche Bank Securities Inc. is the lead bookrunning manager and Oppenheimer & Co. will be the co-bookrunning manager.
Proceeds will be used to acquire additional mortgage revenue bonds and other investments and for general working capital needs.
The Omaha company manages a portfolio of federally tax-exempt mortgage revenue bonds, which have been issued to provide construction and/or permanent financing of multifamily residential apartments.
Issuer: | America First Multifamily Investors LP
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Issue: | Common stock
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Amount: | $45 million
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Greenshoe: | $6.75 million
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Shares: | 7.2 million
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Price: | $6.25
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Warrants: | No
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Bookrunners: | Deutsche Bank Securities Inc. (lead), Oppenheimer & Co. (co-bookrunning manager)
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Lead manager: | BB&T Capital Markets
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Co-managers: | Aegis Capital Corp. and National Securities Corp.
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Announcement date: | Nov. 25
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Pricing date: | Nov. 26
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Stock symbol: | Nasdaq: ATAX
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Stock price: | $6.70 at close Nov. 25
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Market capitalization: | $269.46 million
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