Altisource Residential Corporation Announces Public Offering of Common Stock
22 Avril 2013 - 1:28PM
Altisource Residential Corporation ("Residential") (NYSE:RESI)
announced today that it intends to offer 10,000,000 shares of its
common stock in an underwritten public offering. Residential
intends to use the net proceeds from the offering to purchase
non-performing and subperforming residential mortgage loans and for
general corporate purposes. Residential expects to grant the
underwriters a 30-day option to purchase up to an additional
1,500,000 shares of common stock in connection with the
offering. The intended offering is subject to market and other
conditions, and there can be no assurance as to whether or when the
offering may be completed or as to the actual size or terms of the
offering.
Citigroup Global Markets Inc., Credit Suisse Securities (USA)
LLC, Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC
are acting as joint book-running managers for the offering. RBC
Capital Markets, LLC, JMP Securities LLC and Piper Jaffray &
Co. are acting as co-managers.
The offering is being made only by means of a prospectus. A copy
of the preliminary prospectus may be obtained, when available, from
Citigroup Global Markets Inc., Attention: Prospectus Department,
Brooklyn Army Terminal, 150 58th Street, 8th Floor, Brooklyn, NY
11220 or by telephone at 1-877-280-1299; Credit Suisse Securities
(USA) LLC, Attention: Prospectus Department, One Madison Avenue,
New York, NY 10010, by telephone at 1-800-221-1037 or by email at
newyork.prospectus@credit-suisse.com; Deutsche Bank Securities
Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY
10005, by telephone at 1-800-503-4611 or by email at
prospectus.cpdg@db.com; or J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
New York 11717 or by telephone at 1-866-803-9204.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold nor may offers
to buy these securities be accepted prior to the time that the
registration statement becomes effective. 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 Altisource Residential Corporation
Residential is focused on acquiring, owning and managing
single-family rental properties throughout the United States. It
currently intends to acquire these properties primarily through the
acquisition of sub-performing and non-performing loan
portfolios.
Forward-Looking Statements
This press release contains forward-looking statements that
involve a number of risks and uncertainties. Those forward-looking
statements include all statements that are not historical fact,
including statements about management's beliefs and expectations.
Forward-looking statements are based on management's beliefs as
well as assumptions made by and information currently available to
management. Actual results may differ materially depending upon a
variety of factors, including market conditions and such other
factors as are discussed in the preliminary prospectus relating to
the offering. Residential undertakes no obligation to update
any information contained in this press release.
CONTACT: FOR FURTHER INFORMATION CONTACT:
Kenneth D. Najour
Chief Financial Officer
T: 561-682-8947
E: Kenneth.Najour@AltisourceAMC.com
Kelly Strategic (NYSE:RESI)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Kelly Strategic (NYSE:RESI)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024