Proceeds used for debt repayment, working capital, corporate purposes
By Devika Patel
Knoxville, Tenn., June 12 - Textura Corp. said the underwriters for its initial public offering of stock opted to exercise the deal's $11.25 million greenshoe in full for total proceeds of $86.25 million. The deal was announced April 5 and priced for $75 million with the greenshoe on June 7.
The company sold 5.75 million common shares at $15.00 per share. Of the shares, 750,000 were part of the greenshoe.
Credit Suisse and William Blair were the joint bookrunning managers.
Proceeds will be used to repay debt, for growth, working capital and other general corporate purposes.
The Deerfield, Ill., company provides on-demand business collaboration software to the commercial construction industry.
| Issuer: | Textura Corp.
|
| Issue: | Common stock
|
| Amount: | $86.25 million (including $11.25 million greenshoe exercise)
|
| Shares: | 5.75 million
|
| Price: | $15.00
|
| Warrants: | No
|
| Bookrunners: | Credit Suisse and William Blair
|
| Co-managers: | JMP Securities, Oppenheimer & Co. and Barrington Research
|
| Announcement date: | April 5
|
| Pricing date: | June 7
|
| Settlement date: | June 12
|
| Stock symbol: | NYSE: TXTR
|
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