Deutsche Bank, Oppenheimer, BB&T will assist with sale of common stock
By Devika Patel
Knoxville, Tenn., Jan. 28 - America First Multifamily Investors LP said it priced a $47.6 million public sale of stock with a $7.14 million greenshoe. The deal was announced Monday.
The company will sell 8 million common shares at $5.95 apiece. The price per share is a 6.15% discount to the Jan. 27 closing share price of $6.34.
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
|
| Issue: | Common stock
|
| Amount: | $47.6 million
|
| Greenshoe: | $7.14 million
|
| Shares: | 8 million
|
| Price: | $5.95
|
| Warrants: | No
|
| Bookrunners: | Deutsche Bank Securities Inc. (lead) and Oppenheimer & Co. (co-bookrunning manager)
|
| Lead manager: | BB&T Capital Markets
|
| Co-managers: | gis Capital Corp., National Securities Corp. and Loop Capital Markets, LLC
|
| Announcement date: | Jan. 27
|
| Pricing date: | Jan. 28
|
| Stock symbol: | Nasdaq: ATAX
|
| Stock price: | $6.34 at close Jan. 27
|
| Market capitalization: | $252.35 million
|
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