Envestnet, Inc. Announces Exercise of Over-Allotment Option and Issuance of Additional Convertible Notes
December 18 2014 - 11:06AM
Business Wire
Envestnet, Inc. (NYSE:ENV) (the “Company”), a leading provider
of unified wealth management technology and services to investment
advisors and wealth managers, announced today that, in connection
with the Company’s public offering of 1.75% convertible notes due
2019 (the “Notes”), the underwriters have exercised in full their
option to purchase an additional $22.5 million aggregate principal
amount of the Notes. The issuance of the additional $22.5 million
aggregate principal amount of the Notes closed on December 18,
2014. The full exercise of the over-allotment option brings the
total aggregate principal amount of the Notes sold in the public
offering to $172.5 million.
Stifel, Credit Suisse and BMO Capital Markets acted as joint
book-running managers, and Sandler O’Neill + Partners, L.P., Sterne
Agee and William Blair acted as co-managers for the offering.
This announcement is neither an offer to sell nor a solicitation
of an offer to buy the Notes (or the shares of the Company’s common
stock into which the Notes are convertible), nor will there be any
offer, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale is unlawful.
The offering was made only by means of a prospectus supplement
and accompanying prospectus. When available, you may get these
documents for free by visiting EDGAR on the SEC’s website at
www.sec.gov. Alternatively, copies of the prospectus supplement and
accompanying prospectus may be obtained by contacting Stifel,
Nicolaus & Company, Incorporated, Attention: Syndicate, One
Montgomery Street, Suite 3700, San Francisco, California 94104, by
telephone at (415) 364-2720 or by email to
syndprospectus@stifel.com; or by contacting Credit Suisse
Securities (USA) LLC, Attention: Prospectus Department, One Madison
Avenue, New York, NY 10010, by telephone at (800) 221-1037, or by
email to newyork.prospectus@credit-suisse.com; or by contacting BMO
Capital Markets Corp., Attention: Equity Syndicate Department, 3
Times Square, 27th Floor, New York, NY 10036, by telephone at (800)
414-3627 or by email to bmoprospectus@bmo.com.
Cautionary Statement
The statements in this release relating to the expected use of
proceeds from the offering are forward-looking statements made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These statements involve risks and
uncertainties that could cause actual results to differ materially,
including, but not limited to, the anticipated use of the proceeds
of the offering, which could change as a result of market
conditions or for other reasons, and the impact of general
economic, industry or political conditions in the United States or
internationally. Factors that could cause such differences are
described in the Company’s prospectus supplement and the Company’s
periodic filings with SEC.
You are cautioned not to place undue reliance on the Company’s
forward-looking statements, which speak only as of the date such
statements are made. The Company does not undertake any obligation
to publicly update any forward-looking statements to reflect
events, circumstances or new information after this December 18,
2014 press release, or to reflect the occurrence of unanticipated
events.
About Envestnet
Envestnet, Inc. (NYSE: ENV) is a leading provider of unified
wealth management technology and services to investment advisors.
Our open-architecture platforms unify and fortify the wealth
management process, delivering unparalleled flexibility, accuracy,
performance and value. Envestnet solutions enable the
transformation of wealth management into a transparent,
independent, objective and fully-aligned standard of care, and
empower advisors to deliver better results.
Envestnet’s Advisor Suite® software empowers financial advisors
to better manage client outcomes and strengthen their practice.
Envestnet provides institutional-quality research and advanced
portfolio solutions through our Portfolio Management Consultants
group, Envestnet | PMC®. Envestnet | Tamarac provides leading
rebalancing, reporting and practice management software.
Envestnet, Inc.Investor
Relations312-827-3940investor.relations@envestnet.comorMedia
Relationsmediarelations@envestnet.com
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