News Column

ADVENT SOFTWARE INC /DE/ FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits

August 15, 2014

ITEM 1.01 - Entry into a Material Definitive Agreement.

Underwriting Agreement

On August 13, 2014, Advent Software, Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with UBS Securities LLC (the "Underwriter") and TPG VI April Holdings, LP (the "Selling Stockholder"), pursuant to which the Selling Stockholder agreed to sell an aggregate of 3,750,000 shares of common stock (the "Shares"), par value $0.01 per share, of the Company to the Underwriter (the "Offering"). The Offering is expected to close on August 19, 2014, subject to the satisfaction of the closing conditions set forth in the Underwriting Agreement. The Company is not selling any shares in the Offering and will not receive any proceeds from the Offering.

The Offering is being made pursuant to a prospectus supplement, dated August 13, 2014, to the prospectus, dated August 13, 2014, included in the Company's registration statement on Form S-3 (File No. 333-198114), which was filed with the Securities and Exchange Commission on August 13, 2014.

The Underwriting Agreement contains customary representations, warranties and covenants and includes the terms and conditions for the sale of the Shares by the Selling Stockholder to the Underwriter, indemnification and contribution obligations and other terms and conditions customary in agreements of this type.

A copy of the form of Underwriting Agreement is filed as Exhibit 1.1 hereto. The above description is qualified in its entirety by reference to such exhibit.

ITEM 8.01 - Other Events.

On August 13, 2014, the Company issued a press release related to the Offering. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

ITEM 9.01 - Financial Statements and Exhibits.

(d) Exhibits. Exhibit Description 1.1 Underwriting Agreement dated August 13, 2014 99.1 Press release dated August 13, 2014 -1-


For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Edgar Glimpses

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters