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Dolan Co Announces Public Offering Of Preferred Stock


Tuesday, 22 Jan 2013 04:36pm EST 

Dolan Co announced that it intends to engage in an underwritten public offering of a newly designated series of preferred stock, designated as its 8.5% Series B Cumulative Preferred Stock (the Series B Preferred Stock). The Company will file an application to list the Series B Preferred Stock on the New York Stock Exchange. The underwriters are selling the shares of the Series B Preferred Stock on a efforts basis. The Company plans to use the net proceeds from the offering to repay borrowings outstanding under its credit facility. The shares will be issued pursuant to a registration statement that has been declared effective by the Securities and Exchange Commission. A preliminary prospectus supplement and accompanying prospectus relating to the offering have been filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of these securities in any state or other 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. MLV & Co. LLC is acting as sole book-running manager for the offering, and Northland Capital Markets and Dougherty & Company are acting as co-managers for the offering. 

Company Quote

35.1
0.35 +1.01%
19 Dec 2014