Co-Manager
RealPage, Inc.
Equity Capital Markets
Follow-on Offering
Transaction Details
- On May 20, 2020, RealPage, Inc. (“RealPage” or “RP”) announced the pricing of an underwritten follow-on offering of 5,084,746 shares of RP common stock at a price to the public of $59.00 per share (the “follow-on offering”)
- Concurrent with the follow-on offering, RealPage announced an offering of $300.0 million aggregate principal amount of its 1.50% convertible senior notes due 2025 (the “notes offering”)
- RealPage intends to use a portion of the net proceeds from the follow-on offering to repay indebtedness outstanding under its revolving credit facility and to pay for capped call transactions related to the notes offering
- RealPage intends to use the remainder of the net proceeds from the follow-on offering and net proceeds from the notes offering for general corporate purposes
About the company
RealPage, Inc. is a leading global provider of software and data analytics to the real estate industry. RealPage’s platform of data analytics and software solutions enables the rental real estate industry to manage property operations (such as marketing, pricing, screening, leasing, payment processing, and accounting), identify opportunities through market intelligence, and obtain data-driven insight for better operational and financial decision-making. RealPage’s integrated, on demand platform provides a single point of access and a massive repository of real-time lease transaction data, including prospect, renter, and property data.
Sources: Company filings and press release.
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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.
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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/1286225/000119312520145112/d934418d424b5.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.