Softchoice Corporation Announces Closing of $150 Million Bought Deal Offering
TORONTO, Oct. 15, 2021 (GLOBE NEWSWIRE) -- Softchoice Corporation (“Softchoice” or the “Company”) (TSX: SFTC), is pleased to announce that the Company, along with certain funds managed by Birch Hill Equity Partners (the “Birch Hill Selling Shareholders”), Keika Limited (the “Keika Selling Shareholder”) and certain of the Company’s employees and directors (the “Individual Selling Shareholders”, and, together with the Birch Hill Selling Shareholders and the Keika Selling Shareholder, the “Selling Shareholders”), have closed the previously announced bought deal offering of 5,085,000 common shares of the Company (the “Common Shares”) at a price of $29.50 per Share (the “Issue Price”) for total gross proceeds of approximately $150 million (the “Offering”). The Offering was completed by a syndicate of underwriters led by TD Securities Inc. and Goldman Sachs Canada Inc. (the “Joint Bookrunners”) and including CIBC Capital Markets, RBC Capital Markets, National Bank Financial Inc., Scotiabank, BMO Capital Markets, ATB Capital Markets Inc., Cormark Securities Inc., Laurentian Bank Securities Inc., Canaccord Genuity Corp. and Raymond James Ltd. (together with the Joint Bookrunners, the “Underwriters”).