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Pet Valu Holdings Ltd. Announces Closing of C$193.5 Million Secondary Bought Deal Offering
Pet Valu Holdings Ltd. Announces Closing of C$193.5 Million Secondary Bought Deal Offerin...
About this update from Pet Valu Holdings Ltd.
[{"type":"text","content":"\n \n \n \n Pet Valu Holdings Ltd. Announces Closing of C$193.5 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 Nov. 17, 2022\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 5,175,000 common shares of the Company (the \"\n \n Common Shares\n \n \") (including 675,000 Common Shares issued pursuant to the exercise in full by the Underwriters (as defined below) of the over-allotment option granted by the Selling Shareholders (as defined below)) 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 $37.40\n \n per Common Share, for total gross proceeds to the Selling Shareholders of approximately\n \n C$193.5 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 of the Offering.\n \n \n The Offering was led by CIBC Capital Markets, Barclays and RBC 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. (collectively, the \"\n \n Underwriters\n \n \").\n \n \n The Common Shares were offered and sold by way of a prospectus supplement dated\n \n November 14, 2022\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 ...