CapMAC Holdings prices 3.25 million-share secondary public offering.NEW YORK--(BUSINESS WIRE)--July 1, 1996--CapMAC Holdings Inc. (NYSE NYSE See: New York Stock Exchange :KAP) today announced that it has priced the sale of 3.25 million shares of its Common Stock by some of its stockholders at $28.00 per share. In addition, the selling stockholders have granted to the underwriters an option to purchase within 30 days on the same terms up to an additional 487,500 shares of Common Stock solely to cover over-allotments, if any. The Company, which will not receive any proceeds from the Offering, had originally filed to sell 3 million shares. No members of senior management sold shares in the Offering. Dillon, Read & Co. Inc. served as lead manager of the Offering, with Alex. Brown & Sons Inc. and Goldman, Sachs & Co. acting as co-managing underwriters. A copy of the final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. may be obtained from Dillon, Read & Co. Inc. at 535 Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , N.Y. 10022. CapMAC Holdings Inc., through its subsidiaries, provides financial guarantee insurance, principally of asset-backed obligations; advisory and structuring services in connection with asset-backed financings; and access to funding for its clients through third-party owned and managed securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. funding vehicles. CONTACT: CapMAC Holdings Inc., New York Mitchell Karig, 212/891-6787 |
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