The bank is believed to be an important underwriter of California municipal securities, and over the last five years earned about USD25m in
underwriting fees from Californian issues.
The discount to the market price we agreed to when we issued the stock was in step with similar deals done in the private equity markets, where such discounts are given in lieu of the incurrence of significant
underwriting fees and expenses, and higher transaction costs and execution risk.
Perseus retains 100% of all
underwriting fees and does not provide research, trading and other services to investors.
Approximately $10,424,000 of revenues was due to insurance
underwriting fees mainly the result of the purchase in 2004 of Canadian Intermediaries Limited.
55 per share for net proceeds of approximately $184 million, after deducting
underwriting fees and commissions and its estimated expenses.
Disclosed global stock and bond related
underwriting fees reached $14.
The net proceeds from this offering of approximately $200 million after
underwriting fees, will be used to redeem $175 million in principal of the company's outstanding 10 3/4% senior notes that mature June 1, 2009, in accordance with the applicable indenture provisions of that debt, as well as to pay accrued interest expense, the redemption premium and other fees and expenses associated with the transaction.
Total proceeds to iMagicTV, net of the
underwriting fees, will be approximately US$48.
Total proceeds to the Company, net of
underwriting fees, were approximately CDN $893,911,000 (US $585,288,000).
Total proceeds to EOP Partnership, net of
underwriting fees, are approximately $356.
Total proceeds to EXFO from the exercise of the over-allotment option, net of the
underwriting fees, were US$25,389,000 (C$37,644,000).
Total proceeds to EXFO, net of the
underwriting fees, will be approximately US$ 169,260,000 (C$ 250,843,320).
