The Company intends to apply to list the Series B Preferred Stock on the
The Company intends to use the net proceeds from this offering, together with cash on hand as necessary, to redeem all of the Company’s outstanding Series A Preferred Stock.
BofA Merrill Lynch and Morgan Stanley are serving as joint book-running managers of the offering. J.P. Morgan and Stifel are serving as co-managers.
The offering is being made pursuant to an effective shelf registration statement previously filed with the
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 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.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon the Company's present expectations, but these statements are not guaranteed to occur. For example, the fact that the offering described above has priced may imply that the offering will close, but closing is subject to conditions customary in transactions of this type and may be delayed or may not occur at all. Completion of the offering on the date and the terms described, and the application of net proceeds, are subject to numerous conditions, many of which are beyond the control of the Company. Investors should not place undue reliance upon forward-looking statements.
Chief Financial Officer
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 30, 2014
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