Nuvei Announces US$500 Million Bought Deal Secondary Offering
Summary
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, June 01, 2021 (GLOBE NEWSWIRE) -- Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, has announced today that funds managed by Novacap Management Inc. (collectively, “Novacap”), Whiskey Papa Fox Inc. (or an affiliate thereof) (“WPF”), a holding company controlled by Philip Fayer, our Chair and Chief Executive Officer, CDP Investissements Inc., a wholly-owned subsidiary of Caisse de dépôt et placement du Québec (“CDPQ”), Keith Birdsong, our Chief Technology Officer, Mark Pyke, our President, North America, and Yuval Ziv, our Managing Director, Digital Payments (together the “Selling Shareholders”), and the Company have entered into an agreement with Goldman Sachs Canada Inc., Credit Suisse, Scotiabank and National Bank Financial Inc. to complete a secondary offering on a bought deal basis (the “Offering”). Under the agreement, the underwriters have agreed to purchase 7,165,377 subordinate voting shares of the Company at a purchase price of US$69.78 per subordinate voting share for total gross proceeds to the Selling Shareholders of approximately US$500 million. In connection with the Offering, the Company will file a prospectus supplement to its amended and restated short form base shelf prospectus dated May 20, 2021 on June 2, 2021 with the securities regulatory authorities in each of the provinces and territories of Canada. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration – propelling them further, faster. These risks and uncertainties include, but are not limited to those described under the header “Risk Factors” in Nuvei’s amended and restated base shelf prospectus dated May 20, 2021, our most recent Managements Discussion and Analysis of Financial Condition and Results of Operation, our Annual Information Form dated May 7, 2021 and, when available, our prospectus supplement, all of which are or will be available under our profile on SEDAR at www.sedar.com.
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