Relevant News

<< Previous   1     2     3     4     5     6     7     8     9     10     11     12     13     14   15     16     17     18     19     20     21     22     23     24     25     26     27     28     29     30     31     32     33   >> Next
DG FastChannel prices public offering of common stock
April 8, 2010
DG FastChannel®, Inc. (NASDAQ: DGIT), a leading provider of digital media services to the advertising, entertainment and broadcast industries,  announced today that it has priced a public offering of 3,175,000 shares of its common stock, at a price of $31.50 per share.  Net proceeds, after underwriting discounts and commissions and expenses, will be approximately $94 million.  DG FastChannel has granted the underwriters a thirty (30) day option to purchase up to an additional 476,250 shares to cover over-allotments, if any.  The offering is subject to customary closing conditions and is expected to close on Tuesday, April 13, 2010.

DG FastChannel intends to use the net proceeds from the sale of securities to retire certain of its indebtedness outstanding under its credit facility, fund potential acquisitions and for general corporate purposes.
 
Roth Capital Partners, LLC is acting as Sole Book-Running Manager and BMO Capital Markets Corp. is acting as Co-Manager.
<< Previous   1     2     3     4     5     6     7     8     9     10     11     12     13     14   15     16     17     18     19     20     21     22     23     24     25     26     27     28     29     30     31     32     33   >> Next