Victory Capital Announces Pricing of Secondary Offering
November 17 2021 - 9:08PM
Business Wire
Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital”
or the “Company”) today announced the pricing of the previously
announced underwritten secondary offering of 4,000,000 shares of
its Class A common stock (the “Class A Common Stock”) by funds
managed by Crestview Advisors, L.L.C. and funds managed by
Reverence Capital Partners, L.P. (the “Selling Stockholders”)
pursuant to an effective shelf registration statement filed by
Victory Capital with the U.S. Securities and Exchange Commission
(the “SEC”), at a public offering price of $34.00 per share. No
shares are being sold by Victory Capital pursuant to the offering,
and Victory Capital will not receive any of the proceeds from the
offering.
In conjunction with the offering, the Selling Stockholders have
granted the underwriters a 30-day option to purchase up to 600,000
additional shares of Class A Common Stock. The offering is expected
to close on November 22, 2021, subject to the satisfaction of
customary closing conditions.
BofA Securities and Goldman Sachs & Co. LLC are acting as
the lead bookrunners for the proposed offering. This press release
does not constitute an offer to sell or the solicitation of an
offer to buy any securities in any jurisdiction to any person to
whom it is unlawful to make an offer, solicitation or sale in such
jurisdiction.
This offering is being made pursuant to an effective shelf
registration statement on Form S-3 (No. 333‑259784) and a
preliminary prospectus supplement and accompanying prospectus. The
preliminary prospectus supplement related to the offering has been
filed with the SEC and is available on the SEC’s website at
http://www.sec.gov. In addition, copies of the preliminary
prospectus supplement and accompanying prospectus for the offering
may be obtained from BofA Securities, Attention: Prospectus
Department, NC1-004-03-43, 200 North College Street, 3rd floor,
Charlotte NC 28255-0001, or email: dg.prospectus_requests@bofa.com;
and Goldman Sachs & Co. LLC, Attention: Prospectus Department,
200 West Street, New York, New York 10282, telephone:
1-866-471-2526, or email: prospectus-ny@ny.email.gs.com. Before
investing in this offering, interested parties should read in their
entirety the preliminary prospectus supplement and accompanying
prospectus, which provides more information about Victory Capital
and such offering.
About Victory Capital
Victory Capital is a diversified global asset management firm
with $162.6 billion in assets under management as of October 31,
2021. The Company operates a next-generation business model
combining boutique investment qualities with the benefits of a
fully integrated, centralized operating and distribution
platform.
Victory Capital provides specialized investment strategies to
institutions, intermediaries, retirement platforms and individual
investors. With 11 autonomous Investment Franchises and a Solutions
Platform, Victory Capital offers a wide array of investment styles
and investment vehicles including, actively managed mutual funds,
separately managed accounts, active ETFs, multi-asset class
strategies, custom-designed solutions, private funds, and a 529
Education Savings Plan.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements may include, without limitation, any
statements preceded by, followed by or including words such as
“target,” “believe,” “expect,” “aim,” “intend,” “may,”
“anticipate,” “assume,” “budget,” “continue,” “estimate,” “future,”
“objective,” “outlook,” “plan,” “potential,” “predict,” “project,”
“will,” “can have,” “likely,” “should,” “would,” “could” and other
words and terms of similar meaning or the negative thereof. Such
forward-looking statements involve known and unknown risks,
uncertainties and other important factors beyond Victory Capital’s
control such as the COVID-19 pandemic and its effect on our
business, operations and financial results going forward, as
discussed in Victory Capital’s filings with the SEC, that could
cause Victory Capital’s actual results, performance or achievements
to be materially different from the expected results, performance
or achievements expressed or implied by such forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20211117006419/en/
Investors: Matthew Dennis, CFA Chief of Staff Director, Investor
Relations 216-898-2412 mdennis@vcm.com
Media: Tricia Ross 310-622-8226 tross@finprofiles.com
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