LOS ANGELES, Sept. 15, 2021 /PRNewswire/ — Stay Nation Leisure, Inc. (NYSE: LYV) (“we” or the “firm”) at the moment introduced the pricing of its beforehand introduced providing of 5,239,259 shares of frequent inventory, at a public providing worth of $86.90 per share. The issuance and sale of the frequent inventory are scheduled to decide on September 17, 2021, topic to customary closing circumstances.
The corporate estimates that the online proceeds from the providing will probably be roughly $449.6 million, after deducting the underwriting reductions and commissions and estimated providing bills. The corporate intends to make use of the online proceeds from the providing to fund the beforehand introduced acquisition of 51% of the capital inventory of OCESA Entretenimiento, S.A. de C.V. (the “OCESA Acquisition”). The corporate intends to make use of any remaining proceeds for normal company functions. The closing of the frequent inventory providing is just not conditioned upon the completion of the OCESA Acquisition.
Goldman Sachs & Co. LLC is appearing as sole book-running supervisor for the providing.
This press launch doesn’t represent a proposal to promote, or the solicitation of a proposal to purchase, any securities referred to on this press launch, nor will there be any sale of any such securities, in any state or different jurisdiction through which such supply, sale or solicitation could be illegal previous to registration or qualification underneath the securities legal guidelines of such state or jurisdiction.
Now we have filed a shelf registration assertion on Kind S-3 and such registration assertion has develop into efficient on September 14, 2021. The providing of those securities could solely be made by the use of a last prospectus complement and accompanying prospectus. Earlier than you make investments, you must learn the relevant last prospectus complement and the prospectus in that registration assertion and different paperwork now we have filed or will file with the SEC for extra full details about us and the providing. It’s possible you’ll get these paperwork free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, we, the underwriter or any supplier taking part within the relevant providing will organize to ship you the relevant last prospectus complement and the accompanying prospectus, as soon as accessible, upon request to: Goldman Sachs & Co. LLC, Consideration: Prospectus Division, 200 West Road, New York, NY 10282, or by phone at (866) 471-2526, or by e mail at [email protected].
This information launch comprises forward-looking statements, together with statements associated to the providing and the anticipated use of the online proceeds, that are primarily based on present expectations, forecasts and assumptions that contain dangers and uncertainties that might trigger precise outcomes to vary materially from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. These dangers and uncertainties embody, with out limitation, dangers associated as to whether the corporate will consummate the providing of the frequent inventory on the anticipated phrases, or in any respect, the buying and selling worth and volatility of the corporate’s frequent inventory, market and different normal financial circumstances, and the truth that the corporate’s administration could have discretion in the usage of the proceeds from any sale of the frequent inventory. The corporate refers you to the paperwork it information with the Securities and Change Fee, particularly the part titled “Merchandise 1A. Threat Elements” of its Annual Report on Kind 10-Okay for the 12 months ended December 31, 2020 and its Quarterly Experiences on Kind 10-Q for the quarters ended March 31, 2021 and June 30, 2021, which comprise and establish necessary components that might trigger precise outcomes to vary materially from these contained within the firm’s projections or forward-looking statements. You’re cautioned to not place undue reliance on these forward-looking statements, which communicate solely as of the date on which they’re made. Based mostly upon altering circumstances, ought to any threat or uncertainty that has already materialized, reminiscent of, for instance, the dangers and uncertainties posed by the worldwide COVID-19 pandemic, worsen in scope, influence or length, or ought to a number of of the presently unrealized dangers or uncertainties materialize, or ought to any underlying assumptions show incorrect, precise outcomes could range materially from these described in any forward-looking statements. The corporate undertakes no obligation to replace any forward-looking assertion, whether or not on account of modifications in underlying components, new info, future occasions or in any other case.
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SOURCE Stay Nation Leisure