Stay Nation Leisure Broadcasts Pricing of $450 Million Frequent Inventory Providing

Stay Nation Leisure Broadcasts Pricing of $450 Million Frequent Inventory Providing

LOS ANGELES, Sept. 15, 2021 /PRNewswire/ — Stay Nation Leisure, Inc. (NYSE: LYV) (“we” or the “firm”) as we speak introduced the pricing of its beforehand introduced providing of 5,239,259 shares of widespread inventory, at a public providing value of $86.90 per share. The issuance and sale of the widespread inventory are scheduled to choose September 17, 2021, topic to customary closing situations.

The corporate estimates that the online proceeds from the providing will probably be roughly $449.6 million, after deducting the underwriting reductions and commissions and estimated providing bills. The corporate intends to make use of the online proceeds from the providing to fund the beforehand introduced acquisition of 51% of the capital inventory of OCESA Entretenimiento, S.A. de C.V. (the “OCESA Acquisition”). The corporate intends to make use of any remaining proceeds for basic company functions. The closing of the widespread inventory providing isn’t conditioned upon the completion of the OCESA Acquisition.

Goldman Sachs & Co. LLC is appearing as sole book-running supervisor for the providing.

This press launch doesn’t represent a proposal to promote, or the solicitation of a proposal to purchase, any securities referred to on this press launch, nor will there be any sale of any such securities, in any state or different jurisdiction through which such provide, sale or solicitation could be illegal previous to registration or qualification beneath the securities legal guidelines of such state or jurisdiction.

We now have filed a shelf registration assertion on Kind S-3 and such registration assertion has change into efficient on September 14, 2021. The providing of those securities could solely be made by way of a ultimate prospectus complement and accompanying prospectus. Earlier than you make investments, it is best to learn the relevant ultimate prospectus complement and the prospectus in that registration assertion and different paperwork we have now filed or will file with the SEC for extra full details about us and the providing. Chances are you’ll get these paperwork free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, we, the underwriter or any seller collaborating within the relevant providing will prepare to ship you the relevant ultimate prospectus complement and the accompanying prospectus, as soon as accessible, upon request to: Goldman Sachs & Co. LLC, Consideration: Prospectus Division, 200 West Road, New York, NY 10282, or by phone at (866) 471-2526, or by e-mail at [email protected]

Ahead-Wanting Statements
This information launch incorporates forward-looking statements, together with statements associated to the providing and the anticipated use of the online proceeds, that are primarily based on present expectations, forecasts and assumptions that contain dangers and uncertainties that would trigger precise outcomes to vary materially from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. These dangers and uncertainties embody, with out limitation, dangers associated as to whether the corporate will consummate the providing of the widespread inventory on the anticipated phrases, or in any respect, the buying and selling value and volatility of the corporate’s widespread inventory, market and different basic financial situations, and the truth that the corporate’s administration could have discretion in using the proceeds from any sale of the widespread inventory. The corporate refers you to the paperwork it information with the Securities and Alternate Fee, particularly the part titled “Merchandise 1A. Threat Components” of its Annual Report on Kind 10-Ok for the 12 months ended December 31, 2020 and its Quarterly Reviews on Kind 10-Q for the quarters ended March 31, 2021 and June 30, 2021, which comprise and determine vital elements that would trigger precise outcomes to vary materially from these contained within the firm’s projections or forward-looking statements. You’re cautioned to not place undue reliance on these forward-looking statements, which converse solely as of the date on which they’re made. Based mostly upon altering situations, ought to any danger or uncertainty that has already materialized, comparable to, for instance, the dangers and uncertainties posed by the worldwide COVID-19 pandemic, worsen in scope, impression or period, or ought to a number of of the at the moment unrealized dangers or uncertainties materialize, or ought to any underlying assumptions show incorrect, precise outcomes could differ materially from these described in any forward-looking statements. The corporate undertakes no obligation to replace any forward-looking assertion, whether or not on account of modifications in underlying elements, new data, future occasions or in any other case.


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SOURCE Stay Nation Leisure

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