Mistras Group, Inc. Announces Closing of Public Offering of Common Stock and Exercise of the Underwriters' Overallotment Option
May 11 2011 - 4:01PM
Mistras Group, Inc. (NYSE:MG), a leading "one source" global
provider of technology-enabled asset protection solutions,
announced today that, in connection with its previously announced
public offering, it has closed the public offering of 2,764,401
shares of common stock by TC NDT Holdings, L.L.C., an entity
affiliated with Thayer | Hidden Creek Partners, and 989,660 shares
of common stock by the Company, including 489,660 shares to cover
the underwriters' full exercise of the overallotment option. After
deducting underwriting discounts and commissions and estimated
offering expenses, the Company received net proceeds of
approximately $14.7 million.
J.P. Morgan and BofA Merrill Lynch acted as joint book-running
managers for the offering. Baird, Stephens Inc., and KeyBanc
Capital Markets acted as co-managers for the offering.
The shares of common stock are being offered pursuant to an
effective shelf registration statement filed with the Securities
and Exchange Commission ("SEC"). A prospectus supplement and the
accompanying base prospectus related to the offering have been
filed with the SEC and may be obtained by visiting EDGAR on the
SEC's website, http://www.sec.gov. Alternatively, copies of
the prospectus supplement and the accompanying base prospectus may
be obtained by contacting: J.P. Morgan, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, phone:
(866) 803-9204 or BofA Merrill Lynch, 4 World Financial Center, New
York, NY 10080, attention: Prospectus Department, email:
dg.prospectus_requests@baml.com.
This press release is for informational purposes only and shall
not constitute an offer to sell or the solicitation of an offer to
buy any security of the Company nor shall there be any sale of any
such security in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or other
jurisdiction.
About Mistras Group, Inc.
Mistras offers "one source" services and technology-enabled
asset protection solution portfolios used to evaluate the
structural integrity of energy, industrial and public
infrastructure. Mission critical services and solutions are
delivered globally and provide customers with the ability to extend
the useful life of their assets, improve productivity and
profitability, comply with government safety and environmental
regulations and enhance risk management operational decisions.
Mistras combines its products and technologies - 24/7 on-line
monitoring of critical assets; mechanical integrity and
non-destructive testing services; and its proprietary data
warehousing and analysis software - to provide comprehensive and
competitive products, systems and services solutions from a single
source provider.
The MISTRAS Group, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6966
CONTACT: Nestor S. Makarigakis
Manager of Marketing and Communications
1(609) 716-4000
marcom@mistrasgroup.com
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