Benefitfocus Announces Secondary Offering
26 Februar 2019 - 10:08PM
Benefitfocus, Inc. (NASDAQ: BNFT), a leading cloud-based benefits
management platform and services provider, today announced that
certain funds managed by Goldman Sachs & Co. LLC and Mercer LLC
intend to offer for sale in an underwritten secondary offering an
aggregate of 5,704,758 shares of the Company’s common stock. In
addition, the selling stockholders have granted the underwriters a
30-day option to purchase up to 855,714 additional shares of common
stock at the same price. Benefitfocus will not receive any proceeds
from the sale of the shares by the selling stockholders in this
offering and the offering will not impact the number of shares
outstanding.
J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, and
BofA Merrill Lynch are acting as lead book-running managers of the
offering and Piper Jaffray & Co., Raymond James &
Associates, Inc., Wedbush Securities Inc., and First Analysis
Securities Corporation are co-managers.
A shelf registration statement (including a prospectus) relating
to the offering of common stock was filed with the Securities and
Exchange Commission on February 26, 2019 and became automatically
effective. Before you invest, you should read the registration
statement, prospectus, prospectus supplement and other documents
Benefitfocus has made available with the SEC for information about
Benefitfocus and the offering. You may obtain these documents free
of charge by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, copies of the prospectus and accompanying prospectus
supplement, when available, may be obtained from: J.P. Morgan
Securities LLC, c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717, phone: 866-803-9204, email:
prospectus-eq_fi@jpmchase.com; Goldman Sachs & Co. LLC,
Prospectus Department, 200 West Street, New York, NY 10282,
telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing
Prospectus-ny@ny.email.gs.com; and BofA Merrill Lynch, 200 North
College Street, 3rd Floor, Charlotte, NC 28255-0001, Attn:
Prospectus Department, e-mail: dg.prospectus_requests@baml.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or other jurisdiction in which such
an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or other jurisdiction.
About BenefitfocusBenefitfocus (NASDAQ: BNFT)
unifies the entire U.S. benefits industry on a single technology
platform to protect consumers' health, wealth and lifestyle. Our
powerful cloud-based software, data-driven insights and
thoughtfully-designed services, enable employers, insurance
brokers, carriers and suppliers to simplify the complexity of
benefits administration and deliver a world-class benefits
experience.
Safe Harbor StatementExcept for historical
information, all of the statements, expectations, and assumptions
contained in this press release are forward-looking statements.
Actual results might differ materially from those explicit or
implicit in the forward-looking statements. Important factors that
could cause actual results to differ materially include: risks
regarding whether we can complete the offering and regarding its
impact on the trading price of our common stock; potential
volatility; risks associated with our business and the other risk
factors set forth from time to time in our registration statement
and other SEC filings, copies of which are available free of charge
within the Investor Relations section of the Benefitfocus website
at http://investor.benefitfocus.com/sec-filings or upon request
from our Investor Relations Department. Benefitfocus assumes no
obligation and does not intend to update these forward-looking
statements, except as required by law.
Source: Benefitfocus, Inc.
Benefitfocus,
Inc.843-284-1052 ext. 3527pr@benefitfocus.com Investor
Relations:Michael Bauer843-284-1052 ext.
6654michael.bauer@benefitfocus.com |
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