CHICAGO -- (Business Wire)
Envestnet, Inc. (NYSE:ENV) (the “Company”), a leading provider of
unified wealth management technology and services to investment advisors
and wealth managers, announced today that, in connection with the
Company’s public offering of 1.75%convertible notes due 2019
(the “Notes”), the underwriters have exercised in full their option to
purchase an additional $22.5 million aggregate principal amount of the
Notes. The issuance of the additional $22.5 million aggregate principal
amount of the Notes closed on December 18, 2014. The full exercise of
the over-allotment option brings the total aggregate principal amount of
the Notes sold in the public offering to $172.5 million.
Stifel, Credit Suisse and BMO Capital Markets acted as joint
book-running managers, and Sandler O’Neill + Partners, L.P., Sterne Agee
and William Blair acted as co-managers for the offering.
This announcement is neither an offer to sell nor a solicitation of an
offer to buy the Notes (or the shares of the Company’s common stock into
which the Notes are convertible), nor will there be any offer,
solicitation or sale in any jurisdiction in which such offer,
solicitation or sale is unlawful.
The offering was made only by means of a prospectus supplement and
accompanying prospectus. When available, you may get these documents for
free by visiting EDGAR on the SEC’s website at www.sec.gov.
Alternatively, copies of the prospectus supplement and accompanying
prospectus may be obtained by contacting Stifel, Nicolaus & Company,
Incorporated, Attention: Syndicate, One Montgomery Street, Suite 3700,
San Francisco, California 94104, by telephone at (415) 364-2720 or by
email to syndprospectus@stifel.com;
or by contacting Credit Suisse Securities (USA) LLC, Attention:
Prospectus Department, One Madison Avenue, New York, NY 10010, by
telephone at (800) 221-1037, or by email to newyork.prospectus@credit-suisse.com;
or by contacting BMO Capital Markets Corp., Attention: Equity Syndicate
Department, 3 Times Square, 27th Floor, New York, NY 10036, by telephone
at (800) 414-3627 or by email to bmoprospectus@bmo.com.
Cautionary Statement
The statements in this release relating to the expected use of proceeds
from the offering are forward-looking statements made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. These statements involve risks and uncertainties that could
cause actual results to differ materially, including, but not limited
to, the anticipated use of the proceeds of the offering, which could
change as a result of market conditions or for other reasons, and the
impact of general economic, industry or political conditions in the
United States or internationally. Factors that could cause such
differences are described in the Company’s prospectus supplement and the
Company’s periodic filings with SEC.
You are cautioned not to place undue reliance on the Company’s
forward-looking statements, which speak only as of the date such
statements are made. The Company does not undertake any obligation to
publicly update any forward-looking statements to reflect events,
circumstances or new information after this December 18, 2014 press
release, or to reflect the occurrence of unanticipated events.
About Envestnet
Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth
management technology and services to investment advisors. Our
open-architecture platforms unify and fortify the wealth management
process, delivering unparalleled flexibility, accuracy, performance and
value. Envestnet solutions enable the transformation of wealth
management into a transparent, independent, objective and fully-aligned
standard of care, and empower advisors to deliver better results.
Envestnet’s Advisor Suite® software empowers financial
advisors to better manage client outcomes and strengthen their practice.
Envestnet provides institutional-quality research and advanced portfolio
solutions through our Portfolio Management Consultants group, Envestnet
| PMC®. Envestnet | Tamarac provides leading rebalancing,
reporting and practice management software.
Contacts:
Envestnet, Inc.
Investor Relations
312-827-3940
investor.relations@envestnet.com
or
Media
Relations
mediarelations@envestnet.com
Source: Envestnet, Inc.
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