Keefe, Bruyette & Woods

Runway Growth Finance Corp. Announces Pricing of Secondary Offering of Common Stock by Selling Stockholder

Retrieved on: 
Vendredi, mai 10, 2024

In connection with the offering, the Selling Stockholder has granted the underwriters a 30-day option to purchase up to 562,500 additional shares of the common stock offered by the Selling Stockholder.

Key Points: 
  • In connection with the offering, the Selling Stockholder has granted the underwriters a 30-day option to purchase up to 562,500 additional shares of the common stock offered by the Selling Stockholder.
  • Subject to customary closing conditions, the offering is expected to settle and close on or about May 14, 2024.
  • Runway Growth is not selling any shares of its common stock in the offering and will not receive any proceeds from the offering.
  • A preliminary prospectus supplement and accompanying prospectus relating to and describing the terms of the offering is available on the SEC’s website located at www.sec.gov .

Provident Financial Services, Inc. Announces Pricing and Upsizing of Subordinated Notes Offering

Retrieved on: 
Jeudi, mai 9, 2024

ISELIN, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”), the holding company for Provident Bank (the “Bank”), today announced the pricing of its offering of $225 million of its 9.00% fixed-to-floating rate subordinated notes due 2034 (the “Notes”) in a registered public offering (the “Offering”).

Key Points: 
  • ISELIN, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”), the holding company for Provident Bank (the “Bank”), today announced the pricing of its offering of $225 million of its 9.00% fixed-to-floating rate subordinated notes due 2034 (the “Notes”) in a registered public offering (the “Offering”).
  • Based upon the pricing and market demand for the Notes, the Company elected to increase the aggregate principal amount of the Notes to $225 million from the previously announced amount of $200 million.
  • The Company expects to close the Offering, subject to the satisfaction of customary closing conditions, on or about May 13, 2024.
  • Piper Sandler & Co. and Keefe, Bruyette & Woods, A Stifel Company are acting as joint book-running managers for the Offering.

Runway Growth Finance Corp. Announces Secondary Offering of Common Stock by Selling Stockholder

Retrieved on: 
Jeudi, mai 9, 2024

In connection with the proposed offering, the Selling Stockholder intends to grant the underwriters a 30-day option to purchase up to an additional 562,500 shares of the common stock offered by the Selling Stockholder.

Key Points: 
  • In connection with the proposed offering, the Selling Stockholder intends to grant the underwriters a 30-day option to purchase up to an additional 562,500 shares of the common stock offered by the Selling Stockholder.
  • The joint-lead book-running managers for the offering are Wells Fargo Securities, Morgan Stanley, BofA Securities, and UBS Investment Bank.
  • Additionally, Keefe, Bruyette & Woods, a Stifel Company, RBC Capital Markets, and B. Riley Securities are acting as joint book-running managers.
  • The information in the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed.

Provident Financial Services, Inc. Announces Launch of Subordinated Notes Offering

Retrieved on: 
Jeudi, mai 9, 2024

ISELIN, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”), the holding company for Provident Bank (the “Bank”), today announced that it intends to offer, subject to market and other conditions, $200 million aggregate principal amount of subordinated notes due 2034 (the “Notes”) in a registered public offering, (the “Offering”).

Key Points: 
  • ISELIN, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Provident Financial Services, Inc. (NYSE:PFS) (the “Company”), the holding company for Provident Bank (the “Bank”), today announced that it intends to offer, subject to market and other conditions, $200 million aggregate principal amount of subordinated notes due 2034 (the “Notes”) in a registered public offering, (the “Offering”).
  • The Company intends to invest all of the net proceeds from the Offering in the Bank.
  • Piper Sandler & Co. and Keefe, Bruyette & Woods, A Stifel Company are acting as joint book-running managers for the Offering.
  • 333-275213) and a preliminary prospectus supplement with the SEC for the Offering to which this press release relates.

MediaAlpha Announces Pricing of Secondary Offering by White Mountains Insurance Group and Insignia Capital Group

Retrieved on: 
Mercredi, mai 8, 2024

LOS ANGELES, May 07, 2024 (GLOBE NEWSWIRE) -- MediaAlpha, Inc. (“MediaAlpha”) (NYSE: MAX) today announced the pricing of the previously announced underwritten secondary public offering of 6,600,000 shares of its Class A common stock by certain selling stockholders affiliated with White Mountains Insurance Group and Insignia Capital Group (the “Selling Stockholders”) at an offering price of $19.00 per share (before discounts and commissions).

Key Points: 
  • LOS ANGELES, May 07, 2024 (GLOBE NEWSWIRE) -- MediaAlpha, Inc. (“MediaAlpha”) (NYSE: MAX) today announced the pricing of the previously announced underwritten secondary public offering of 6,600,000 shares of its Class A common stock by certain selling stockholders affiliated with White Mountains Insurance Group and Insignia Capital Group (the “Selling Stockholders”) at an offering price of $19.00 per share (before discounts and commissions).
  • MediaAlpha is not offering any shares of its common stock in the offering and will not receive any proceeds from the offering.
  • J.P. Morgan and Goldman Sachs & Co. LLC are acting as joint bookrunners and representatives for the offering.
  • BofA Securities, Canaccord Genuity, William Blair, BMO Capital Markets and Keefe, Bruyette & Woods, A Stifel Company are acting as bookrunners.

Skyward Specialty Announces Pricing of Its Secondary Offering of Its Common Stock

Retrieved on: 
Mardi, mai 7, 2024

HOUSTON, May 06, 2024 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc. (NASDAQ: SKWD) (“Skyward Specialty” or the “Company”) a leader in the specialty property and casualty (“P&C”) market, announced the pricing of its secondary offering of 4,400,000 shares being offered by The Westaim Corporation, through its wholly-owned subsidiary, Westaim HIIG GP Inc. (the “Selling Stockholder”) at $36.50.

Key Points: 
  • HOUSTON, May 06, 2024 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc. (NASDAQ: SKWD) (“Skyward Specialty” or the “Company”) a leader in the specialty property and casualty (“P&C”) market, announced the pricing of its secondary offering of 4,400,000 shares being offered by The Westaim Corporation, through its wholly-owned subsidiary, Westaim HIIG GP Inc. (the “Selling Stockholder”) at $36.50.
  • In connection with the offering, the Selling Stockholder has also granted the underwriters a 30-day option to purchase up to an additional 660,000 shares of Skyward Specialty's common stock.
  • The Selling Stockholder will hold 4.80% and 6.45% in Skyward Specialty, assuming full and no exercise of the underwriters’ option to purchase the additional shares, respectively.
  • Barclays, Keefe, Bruyette & Woods, Inc., A Stifel Company, and Jefferies are acting as joint lead book-running managers for the proposed offering.

Skyward Specialty Announces Secondary Offering of Its Common Stock

Retrieved on: 
Lundi, mai 6, 2024

HOUSTON, May 06, 2024 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc. (NASDAQ: SKWD) (“Skyward Specialty” or the “Company”) a leader in the specialty property and casualty (“P&C”) market, announced that The Westaim Corporation (“Westaim”), through its wholly-owned subsidiary, Westaim HIIG GP Inc. (the “Selling Stockholder”) is offering 4,400,000 shares of the Company’s common stock in an underwritten secondary public offering.

Key Points: 
  • HOUSTON, May 06, 2024 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc. (NASDAQ: SKWD) (“Skyward Specialty” or the “Company”) a leader in the specialty property and casualty (“P&C”) market, announced that The Westaim Corporation (“Westaim”), through its wholly-owned subsidiary, Westaim HIIG GP Inc. (the “Selling Stockholder”) is offering 4,400,000 shares of the Company’s common stock in an underwritten secondary public offering.
  • In connection with the offering, the Selling Stockholder has also granted the underwriters a 30-day option to purchase up to an additional 660,000 shares of Skyward Specialty's common stock.
  • The Selling Stockholder will be a 4.80% and 6.45% shareholder in Skyward Specialty, assuming full and no exercise of the underwriters’ option to purchase the additional shares, respectively.
  • Skyward Specialty will not receive any of the proceeds from the sale of the shares of its common stock offered by the Selling Stockholder, and the Selling Stockholder will bear the underwriting discounts and commissions associated with the sale of such shares.

ESQUIRE FINANCIAL HOLDINGS, INC. INCLUDED IN KBW'S 2024 HONOR ROLL

Retrieved on: 
Lundi, mai 6, 2024

JERICHO, N.Y., May 6, 2024 /PRNewswire/ -- Esquire Financial Holdings, Inc. (NASDAQ: ESQ) (the "Company"), the financial holding company for Esquire Bank, National Association ("Esquire Bank" or the "Bank"), (collectively "Esquire") today announced that it has been named to the 2024 Keefe, Bruyette & Woods' ("KBW") Bank Honor Roll.

Key Points: 
  • JERICHO, N.Y., May 6, 2024 /PRNewswire/ -- Esquire Financial Holdings, Inc. (NASDAQ: ESQ) (the "Company"), the financial holding company for Esquire Bank, National Association ("Esquire Bank" or the "Bank"), (collectively "Esquire") today announced that it has been named to the 2024 Keefe, Bruyette & Woods' ("KBW") Bank Honor Roll.
  • This elite group of banks comprise only 5% of the eligible firms nationally by delivering the strongest and/or most consistent earnings growth over the past decade.
  • "We are honored and proud that KBW has included Esquire in such a prestigious group of banks," said Tony Coelho, Chairman of the Board.
  • Honor roll banks generally consist of market outperformers that demonstrate industry-leading growth, command premium valuations, and must have more than $500 million in total assets.

Marex Group plc Announces Pricing of Initial Public Offering

Retrieved on: 
Jeudi, avril 25, 2024

NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (“Marex”), the diversified global financial services platform, today announces the pricing of its initial public offering (the “IPO”), at $19.00 per share.

Key Points: 
  • NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (“Marex”), the diversified global financial services platform, today announces the pricing of its initial public offering (the “IPO”), at $19.00 per share.
  • Marex will not receive any proceeds from any sale of shares by the Selling Shareholders.
  • Citigroup, UBS Investment Bank, Piper Sandler and HSBC are acting as bookrunners for the proposed offering.
  • Drexel Hamilton and Loop Capital Markets are acting as co-managers for the proposed offering.

Marex Group plc Announces Launch of Initial Public Offering

Retrieved on: 
Lundi, avril 15, 2024

NEW YORK, April 15, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (“Marex”), the diversified global financial services platform, today announces that it has launched the initial public offering (the “IPO”) of its ordinary shares.

Key Points: 
  • NEW YORK, April 15, 2024 (GLOBE NEWSWIRE) -- Marex Group plc (“Marex”), the diversified global financial services platform, today announces that it has launched the initial public offering (the “IPO”) of its ordinary shares.
  • In connection with the offering, the Selling Shareholders have granted the underwriters a 30-day option to purchase up to an additional 2,307,692 ordinary shares to cover over-allotments.
  • Citigroup, UBS Investment Bank, Piper Sandler and HSBC are acting as bookrunners for the proposed offering.
  • Drexel Hamilton and Loop Capital Markets are acting as co-managers for the proposed offering.