American Reprographics Company Announces Pricing of Initial Public Offering of Common Stock
04 February 2005 - 3:35PM
PR Newswire (US)
American Reprographics Company Announces Pricing of Initial Public
Offering of Common Stock GLENDALE, Calif., Feb. 3
/PRNewswire-FirstCall/ -- American Reprographics Company (NYSE:ARP)
announced today that it has priced its initial public offering of
13,350,000 shares of common stock at $13.00 per share for gross
proceeds of $173,550,000. In the offering, American Reprographics
is selling 7,666,667 shares and intends to use the net proceeds of
$89,290,000 after underwriting discount and estimated offering
expenses to repurchase preferred equity and repay a portion of its
debt. Certain of the company's existing shareholders are selling
the remaining 5,683,333 shares, of which 4,695,933 shares will come
from funds managed by certain affiliates of Code Hennessy &
Simmons LLC. The underwriters have an option to purchase up to an
additional 2,002,500 shares from selling stockholders, of which up
to 1,908,781 shares would come from funds managed by certain
affiliates of Code Hennessy & Simmons LLC. Goldman, Sachs &
Co. and JP Morgan acted as book-running managers of the offering.
Credit Suisse First Boston, Robert W. Baird & Co. and CIBC
World Markets acted as co-managers in this offering. The
registration statement relating to the initial public offering of
shares of common stock has been declared effective by the
Securities and Exchange Commission. This press release does not
constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of such shares of common stock in any
state in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of
any such state. The offering of these securities will be made only
by means of a prospectus, copies of which may be obtained from
Goldman, Sachs & Co. at 85 Broad Street, New York, NY 10004,
Attention: Prospectus Department (Phone: 212-902-1171) or J.P.
Morgan Securities Inc., One Chase Manhattan Plaza, New York, NY
10081, Attention: Prospectus Department (Phone: 212-552-5164).
About American Reprographics Company American Reprographics Company
is the leading reprographics company in the United States,
providing business-to-business document management services to the
architectural, engineering and construction industry, or AEC
industry. It also provides these services to companies in non-AEC
industries that also require sophisticated document management
services. DATASOURCE: American Reprographics Company CONTACT: David
Stickney, Director of Corporate Communications of American
Reprographics Company, +1-925-949-5100, or ; or Jason Golz or
Jordan Goldstein both of Financial Dynamics, +1-415-439-4500, or ,
for American Reprographics Company Web site: http://www.e-arc.com/
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