Preston Hollow Community Capital, Inc. Launches Initial Public Offering | Business
DALLAS – (BUSINESS WIRE) – July 21, 2021–
Preston Hollow Community Capital, Inc. (“Preston Hollow”), a provider of specialized impact financing solutions for projects of significant social and economic importance to local communities, today announced the launch of a first public offering (IPO) of its Class A common shares pursuant to a registration statement on Form S-1 previously filed with the United States Securities and Exchange Commission (the “SEC”). Preston Hollow is expected to be permitted to trade on the New York Stock Exchange, subject to official notice of issuance, under the symbol “PHCC”.
Preston Hollow is offering to the public 10,526,316 Class A common shares at an initial price of between $ 18.00 and $ 20.00 per share. Preston Hollow further intends to grant the Underwriters the option to purchase up to 1,578,947 additional Class A common shares of Preston Hollow at the initial public offering price, less the bought deal discount, within 30 days of the date of this prospectus. The offer is subject to market conditions and there can be no assurance as to whether or when the offer can be made.
JP Morgan and Barclays are acting as co-book managers of the offering and as representatives of the Underwriters. UBS Investment Bank and Piper Sandler also act as book co-managers, and Deutsche Bank Securities and Loop Capital Market act as co-managers.
The proposed offer will be made only by means of a prospectus. Copies of the preliminary prospectus can be obtained from JP Morgan Securities LLC, c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by phone at 866-803-9204 or by email at prospectus-eq_fi @ jpmchase .com; and Barclays Capital Inc., c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 (or by email at [email protected] or by phone at 1-888-603-5847).
A registration statement on Form S-1 relating to the proposed initial public offering has been filed with the SEC but has not yet become effective. These securities cannot be sold and offers to buy cannot be accepted before the entry into force of the registration statement.
This press release does not constitute an offer to sell or the solicitation of an offer to buy such securities, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Preston Hollow Community Capital, Inc.
Preston Hollow Community Capital, Inc. provides specialized impact financing solutions for projects of significant social and economic importance to local communities in the United States. As a team, we bring decades of experience helping communities achieve their financial, sustainability and community impact goals. We do this through a unique partnership model, rigorous and disciplined credit underwriting, and creative investment structuring designed to provide speed, certainty and flexibility to our borrowers.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210721005546/en/
CONTACT: Greg May, Preston Hollow Capital, LLC
214.389.0835 [email protected]
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES OTHER CONSTRUCTION & REAL ESTATE OTHER EDUCATION RESIDENTIAL & REAL ESTATE BUILDING COMMERCIAL & REAL ESTATE CONSTRUCTION & REAL ESTATE EDUCATION PUBLIC RELATIONS / INVESTOR RELATIONS COMMUNICATIONS REIT FINANCE
SOURCE: Preston Hollow Community Capital, Inc.
Copyright Business Wire 2021.
PUB: 07/21/2021 08:12 / DISC: 07/21/2021 08:12
Copyright Business Wire 2021.