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Pet Valu Holdings Ltd. Announces Closing of C$226 Million Secondary Bought Deal Offering
Pet Valu Holdings Ltd. Announces Closing of C$226 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$226 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 MARKHAM, ON\n \n ,\n \n Sept. 28, 2021\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 7,000,000 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 $32.25\n \n per Common Share, for total gross proceeds to the Selling Shareholders of approximately\n \n C$226 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 RBC Capital Markets, Barclays and CIBC Capital Markets (the \"\n \n Lead Underwriters\n \n \"), together with a syndicate of underwriters consisting of National Bank Financial Inc., TD Securities Inc., ATB Capital Markets Inc., Laurentian Bank Securities Inc. and Raymond James Ltd. (collectively, the \"\n \n Underwriters\n \n \").\n \n \n The Common Shares were offered and sold by way of a final short form prospectus dated\n \n September 23, 2021\n \n (the \"\n \n Prospectus\n \n \") filed in each of the provinces and territories of\n \n Canada\n \n , a copy of which is available under the Company's profile on SEDAR at\n \n www.sedar.com\n \n .\n \n \n The securities under the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the \"\n \n ...