Equity Capital Markets
A Portfolio Company of
Initial Public Offering
• On April 28, 2021, Aveanna Healthcare Holdings Inc. (“Aveanna”) announced the pricing of its initial public offering of 38,236,000 shares of its common stock at an initial public offering price of $12.00 per share
− Aveanna also granted the underwriters a 30-day option to purchase up to an additional 5,735,400 shares of its common stock
• Aveanna shares are expected to begin trading on the Nasdaq Global Select Market on April 29, 2021 under the ticker symbol “AVAH"
• Aveanna intends to use the net proceeds from the offering to repay indebtedness under the Company’s First and Second Lien Term Facilities and for general corporate purposes
• Following the IPO, entities affiliated with Bain Capital L.P. and J.H. Whitney Capital Partners (the “Sponsors”) will own approximately 72.0% of Aveanna’s outstanding common stock
Aveanna Healthcare Holdings Inc.
Aveanna Healthcare Holdings Inc. (Nasdaq Global Select Market: AVAH) is a leading, diversified home care platform focused on providing care to medically complex, high-cost patient populations. Aveanna directly addresses the most pressing challenges facing the U.S. healthcare system by providing safe, high-quality care in the home, the lower cost care setting preferred by patients.
This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.
The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following link: https://www.sec.gov/Archives/edgar/data/0001832332/000119312521135512/d63831ds1a.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date
“Stephens” is the brand name for a family of independent privately held financial services firms, including Stephens Europe Limited, which is authorized and regulated by the Financial Conduct Authority (Registered office 12 Arthur Street, London, EC4R 9AB, Registered number 8817024) and Stephens Inc. which is regulated by the United States Securities and Exchange Commission and the Financial Industry Regulatory Authority (Home Office: 111 Center Street, Little Rock, AR USA, 501-377-2000). Stephens Inc. is a member of NYSE and SIPC. For more information, visit www.stephens.com. © 2021 Stephens
Cadre Holdings, Inc. Prices Its Follow-on Offering. Stephens served as a Bookrunner on the offering.
American Bank, N.A. has agreed to acquire TexStar National Bank. Stephens served as exclusive financial advisor to American Bank, N.A.