Pluralsight, Inc. Announces Proposed Follow-On Offering by Selling Stockholders
March 04 2019 - 4:43PM
Pluralsight, Inc. (NASDAQ: PS) announced today the commencement of
a proposed underwritten public offering of 13,558,464 shares of its
Class A common stock by certain selling stockholders. Certain
selling stockholders also intend to grant the underwriters a 30-day
option to purchase up to an additional 2,033,770 shares of Class A
common stock. Pluralsight will not receive any of the proceeds from
the sale of the shares of its Class A common stock being offered by
the selling stockholders.
Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC are
acting as lead book-running managers for the offering. Barclays
Capital Inc., BofA Merrill Lynch and Citigroup Global Markets Inc.
are acting as book-running managers. KeyBanc Capital Markets Inc.,
Raymond James & Associates, Inc., Needham & Company, LLC,
SunTrust Robinson Humphrey, Inc., First Analysis Securities
Corporation and Robert W. Baird & Co. Incorporated are acting
as co-managers.
Concurrently with the proposed public offering of Class A common
stock, Pluralsight is offering to qualified institutional buyers,
in an offering exempt from registration under the Securities Act of
1933, as amended, $450 million aggregate principal amount of
convertible senior notes due 2024. Pluralsight also expects to
grant the initial purchasers of the notes a 13-day option to
purchase up to an additional $67.5 million aggregate principal
amount of the notes. The public offering of Class A common stock is
not contingent upon the consummation of the concurrent notes
offering, and the concurrent notes offering is not contingent upon
the consummation of the public offering of Class A common
stock.
The proposed public offering of Class A common stock will be
made only by means of a prospectus, copies of which may be obtained
from Morgan Stanley & Co. LLC, Attention: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, New York 10014;
or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at
866-803-9204 or by email at prospectus-eq_fi@jpmchase.com.
A registration statement relating to the
offering of Class A common stock has been filed with the Securities
and Exchange Commission but has not yet become effective. The
shares of Class A common stock may not be sold, nor may offers to
buy be accepted, prior to the time the registration statement
becomes effective. This press release is neither an offer to sell
nor a solicitation of an offer to buy any securities, nor shall it
constitute an offer, solicitation or sale of any securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to the registration or qualification under
the securities laws of any such state or jurisdiction.
About Pluralsight
Pluralsight is an enterprise technology skills platform that
delivers a unified, end-to-end learning experience for businesses
across the globe. Through a subscription service, companies are
empowered to move at the speed of technology, increasing
proficiency, innovation and efficiency. Founded in 2004 and trusted
by Fortune 500 companies, Pluralsight provides members
with on-demand access to a digital ecosystem of learning tools,
including adaptive skill tests, directed learning paths,
expert-authored courses, interactive labs, and analytics. For more
information, visit www.pluralsight.com.
Media
Contact:DJ
AndersonCommunications/PressPluralsight801-784-9007press@pluralsight.com
Investor Relations
Contact:Mark McReynoldsInvestor
RelationsPluralsight801-784-9007mark-mcreynolds@pluralsight.com
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