Green Brick Partners Announces Pricing of Secondary Offering of Shares of Common Stock by Selling Stockholder
07 Septembre 2023 - 2:30PM
Green Brick Partners, Inc. (NYSE: GRBK) (“Green Brick,” or the
“Company”), a leading national homebuilder and land development
company, today announced the pricing of a secondary offering of
850,000 shares of its common stock held by an investment fund, at a
public offering price of $45.75 per share (the “Offering”). An
affiliate of Greenlight Capital, Inc. serves as an investment
adviser to the investment fund and may be deemed to beneficially
own the shares being sold. Green Brick did not offer any shares of
its common stock and will not receive any of the proceeds from the
sale of the shares in the Offering. The Offering is expected to
close on September 8, 2023, subject to the satisfaction of
customary closing conditions.
Goldman Sachs & Co. LLC is acting as the book-running
manager for the Offering.
The Offering is being made pursuant to an automatically
effective shelf registration statement on Form S-3 filed with the
Securities Exchange Commission (the “SEC”) on September 6, 2023 and
only by means of a prospectus and prospectus supplement. A copy of
the final prospectus supplement and the accompanying prospectus
relating to this Offering, when available, may be obtained by
visiting the SEC website at www.sec.gov or by contacting: Goldman
Sachs & Co. LLC, Attention: Prospectus Department, 200 West
Street, New York, New York 10282, by telephone at 1-866-471-2526 or
by emailing prospectus-ny@ny.email.gs.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Green Brick Partners, Inc.
Green Brick Partners, Inc. is a diversified homebuilding and
land development company that operates in Texas, Georgia, and
Florida and has a non-controlling interest in a Colorado
homebuilder. Green Brick owns five subsidiary homebuilders in Texas
(CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature
Homes, and a 90% interest in Centre Living Homes), as well as a
controlling interest in a homebuilder in Atlanta, Georgia (The
Providence Group) and an 80% interest in a homebuilder in Port St.
Lucie, Florida (GHO Homes). Green Brick also owns a noncontrolling
interest in Challenger Homes in Colorado Springs, Colorado, and
retains interests in related financial services platforms,
including Green Brick Title and BHome Mortgage. The Company is
engaged in all aspects of the homebuilding process, including land
acquisition and development, entitlements, design, construction,
marketing, and sales for its residential neighborhoods and
master-planned communities.
Forward-Looking and Cautionary
Statements:This press release contains “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995, as amended. All statements other than
statements of historical or current fact included in this press
release are forward-looking statements, including the terms,
completion and timing of the Offering. These forward-looking
statements are subject to a number of risks and uncertainties, many
of which involve factors or circumstances that are beyond Green
Brick’s control, including, without limitation, market conditions,
the trading price and volatility of our common stock, and the
satisfaction of customary closing conditions related to the
Offering. Actual results could differ materially from those stated
or implied in these forward-looking statements due to a number of
factors, including but not limited to, risks detailed in the
sections entitled “Risk Factors” and elsewhere in Green Brick’s
most recent Annual Report on Form 10-K filed with the Securities
and Exchange Commission, as well as in the Registration Statement
on Form S-3ASR related to the shares filed with the SEC. The
forward-looking statements included in this press release should
not be unduly relied upon, represent Green Brick’s views only as of
the date of this press release and do not represent Green Brick’s
views as of any subsequent date. Green Brick undertakes no
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events,
changes in Green Brick’s expectations or otherwise, except as
required by law.
Contact:Benting HuVice President of
Finance469-573-6755IR@greenbrickpartners.com
Green Brick Partners (NYSE:GRBK)
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