MRU to sell up to $250 million of equity or convertible debt

By Kenneth Lim

Boston, Sept. 8 - MRU Holdings, Inc. plans to offer up to $250 million of equity or convertible debt securities, the company announced in an 8-K filing with the Securities and Exchange Commission.

Market sources told Prospect News they had not seen price talk on Monday, and speculated that allocations could be limited given the small market capitalization of MRU.

MRU, a New York-based provider of student loans, said it will use the proceeds to finance the growth of its business, finance private student loan originations, repay outstanding bridge and other note obligations and for general purposes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.