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Pet Valu Holdings Ltd. Announces Closing of C$150.3 Million Secondary Bought Deal Offering
Pet Valu Holdings Ltd. Announces Closing of C$150.3 Million Secondary Bought Deal Offering ...
About this update from Pet Valu Holdings Ltd.
[{"type":"text","content":"\n \n \n \n Pet Valu Holdings Ltd. Announces Closing of C$150.3 Million Secondary Bought Deal Offering\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n \n MARKHAM, ON\n \n \n ,\n \n \n June 1, 2023\n \n \n /CNW/ - Pet Valu Holdings Ltd. (\"\n \n Pet Valu\n \n \" or the \"\n \n Company\n \n \") (TSX: PET), the leading Canadian specialty retailer of pet food and pet-related supplies, announced today that the previously announced secondary bought deal offering (the \"\n \n Offering\n \n \") of 4,690,000 common shares of the Company (the \"\n \n Common Shares\n \n \") by PV Holdings S.à r.l., Roark Capital Partners II AIV AG, L.P., RCPS Equity Cayman LP and Roark Capital Partners Parallel II AIV AG, L.P. (collectively, the \"\n \n Selling Shareholders\n \n \") at a price of\n \n $32.05\n \n per Common Share, for total gross proceeds to the Selling Shareholders of approximately\n \n C$150.3 million\n \n , has closed.\n \n \n \n \n \n \n \n \n \n All net proceeds have been paid directly to the Selling Shareholders. The Company did not receive any proceeds from the Offering.\n \n \n Following the Offering, the Selling Shareholders, in the aggregate, beneficially own Common Shares representing 47.5% of the outstanding Common Shares.\n \n \n The Offering was led by RBC Capital Markets, Barclays Capital Canada and CIBC Capital Markets, together with a syndicate of underwriters consisting of National Bank Financial Inc., Raymond James Ltd., Stifel Nicolaus Canada Inc., TD Securities Inc., ATB Capital Markets Inc., Cormark Securities Inc. and Laurentian Bank Securities Inc.\n \n \n The Common Shares were offered and sold by way of a prospectus supplement dated\n \n May 29, 2023\n \n (the \"\n \n Prospectus Supplement\n \n \") to the Company's short form base shelf prospectus dated\n \n July 22, 2022\n \n filed in each of the provinces and territories of\n \n Canada\n \n , a copy of which is...