HomeBanc Corp. Announces Completion of its Initial Public Offering
20 July 2004 - 7:30AM
PR Newswire (US)
HomeBanc Corp. Announces Completion of its Initial Public Offering
ATLANTA, July 19 /PRNewswire-FirstCall/ -- HomeBanc Corp.
(NYSE:HMB) announced today the completion of its initial public
offering of 34,500,000 shares of its common stock (the "Common
Stock"), including 4,500,000 shares of Common Stock sold to the
underwriters to cover over-allotments, at a price to the public of
$7.50 per share. In addition, HomeBanc Corp. completed the sale of
4,250,000 shares of its Common Stock to GTCR Fund VII/A, L.P. at a
price of $7.02 per share. The Common Stock is listed on the New
York Stock Exchange under the symbol "HMB". (Photo:
http://www.newscom.com/cgi-bin/prnh/20040719/CLM096 ) The shares of
Common Stock were sold through J.P. Morgan Securities Inc.,
Friedman, Billings, Ramsey & Co., Inc., Lehman Brothers Inc.,
A.G. Edwards & Sons, Inc., William Blair & Company, L.L.C.,
KeyBanc Capital Markets, a Division of McDonald Investments Inc.,
and Jackson Securities, LLC, as underwriters. J.P. Morgan
Securities Inc. acted as sole book-running manager. J.P. Morgan
Securities Inc. and Friedman, Billings, Ramsey & Co., Inc.
acted as joint lead managers. HomeBanc Corp. is the parent company
of HomeBanc Mortgage Corporation, a mortgage banking company that
focuses on originating purchase money residential mortgage loans in
the southeast United States. HomeBanc Corp. intends to make an
election to be taxed as a "real estate investment trust" for income
tax purposes. This press release is not an offer to sell or the
solicitation of an offer to buy any securities, and such offers are
made only in jurisdictions where permitted pursuant to the
prospectus. A copy of the prospectus may be obtained from J.P.
Morgan Securities Inc., Prospectus Department, One Chase Manhattan
Plaza, New York, New York 10081 (212-552-5164).
http://www.newscom.com/cgi-bin/prnh/20040719/CLM096
http://photoarchive.ap.org/ DATASOURCE: HomeBanc Corp. CONTACT:
Steven R. McClellan of Executive Vice President and CFO of HomeBanc
Corp., +1-404-303-4000 Web site: http://www.homebanc.com/
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