Evercore Partners Announces Secondary Offering

02 Nov, 2015, 06:01 ET from Evercore Partners Inc.

NEW YORK, Nov. 2, 2015 /PRNewswire/ -- 

Evercore Partners Inc. (NYSE: EVR) announced today the commencement of a public offering of 5,454,545 shares of Class A common stock, all of which are being sold by Mizuho Bank Ltd.  3,100,000 shares are being offered to public investors.  In addition, Evercore intends to repurchase 2,354,545 shares at a price per share equal to the price at which the underwriters will purchase such shares from the selling stockholder.

The shares to be sold by Mizuho will be issued at the closing of the offering upon the exercise in full of the outstanding warrant to purchase 5,454,545 shares acquired by Mizuho in 2008. In connection with the exercise of the warrant, Mizuho will surrender the $120 million of 5.2% senior notes due 2020 acquired by it in 2008.

Mizuho Securities and Evercore ISI are acting as the joint book-running managers for the offering.

The offering is being made pursuant to a shelf registration statement filed with the U.S. Securities and Exchange Commission, which became effective on June 13, 2014. Copies of the written prospectus and preliminary prospectus supplement related to the offering may be obtained by contacting Mizuho Securities or Evercore ISI as follows:

Mizuho Securities 320 Park Avenue 12th Floor New York, New York 10022 Telephone: +1.212.205.7600 Email: US-ECM@us.mizuho-sc.com

Evercore ISI 55 East 52nd Street New York, NY 10055 Telephone: +1.212.857.3100 Email: ECM_prospectus@evercoreisi.com

You may also visit www.sec.gov to obtain an electronic copy of the prospectus and related preliminary prospectus supplement.

The offering is made only by means of the prospectus and related prospectus supplement.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

About Evercore

Evercore is a leading independent investment banking advisory firm. Evercore's Investment Banking business advises its clients on mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions and also provides institutional investors with high quality equity research, sales and trading execution that is free of the conflicts created by proprietary activities. Evercore's Investment Management business comprises wealth management, institutional asset management and private equity investing. Evercore serves a diverse set of clients around the world from 28 offices in North America, Europe, South America and Asia. More information about Evercore can be found on the Company's website at www.evercore.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can identify these forward-looking statements by the use of words such as "outlook", "believes", "expects", "potential", "continues", "may", "will", "should", "seeks", "approximately", "predicts", "intends", "plans", "estimates", "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including, among others, risks inherent to the hospitality industry, macroeconomic factors beyond the Company's control, competition for hotel guests, management and franchise agreements and timeshare sales, risks related to doing business with third-party hotel owners, the Company's significant investments in owned and leased real estate, performance of the Company's information technology systems, growth of reservation channels outside of the Company's system, risks of doing business outside of the United States and the Company's indebtedness. Additional factors that could cause the Company's results to differ materially from those described in the forward-looking statements can be found under the section entitled "Risk Factors" of the Company's most recent Annual Report on Form 10-K, filed with the SEC, as such factors may be updated from time to time in the Company's periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

Investor Contact:

Robert B. Walsh

Chief Financial Officer, Evercore

+1.212.857.3100

Media Contact:

Dana Gorman 

The Abernathy MacGregor Group, for Evercore

+1.212.371.5999

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SOURCE Evercore Partners Inc.



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