Carbonite Announces Proposed Public Offering of Common Stock
CARBONITE (CARB)
Last carbonite earnings: 11/11 08:00 am
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US:NASDAQ Investor Relations:
investor.carbonite.com/investor-relations
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Source: GlobeNewswire
BOSTON, July 16, 2018 (GLOBE NEWSWIRE) -- Carbonite, Inc. (NASDAQ:CARB), a leader in data protection, today announced that it has commenced a proposed public offering of 4.0 million shares of its common stock. In addition, 520,156 shares beneficially owned by David Friend, a co-founder and director, are being offered by a selling stockholder. Carbonite expects to grant the underwriters a 30-day option to purchase up to an additional 678,023 shares of common stock offered by Carbonite in the public offering at the public offering price. Carbonite intends to use the net proceeds from this offering to repay outstanding amounts under its existing $130 million revolving credit facility and for general corporate purposes, including potential acquisitions. We do not have any agreements or commitments for any acquisitions or investments at this time. Carbonite will not receive any proceeds from the sale of the shares of common stock by the selling stockholder. Barclays, Jefferies LLC and
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