EdR Closes Stock Offering of 17.24M Shares

EdR

today announced that it has closed its underwritten public offering of 17,250,000 shares of its common stock, which includes 2,250,000 shares issued as a result of the underwriters' exercise of their option to purchase additional shares at the closing. EdR received approximately $180.9 million in net proceeds from the offering after deducting the underwriting discount and other estimated offering expenses. BofA Merrill Lynch and KeyBanc Capital Markets served as joint book-running managers for the offering. PNC Capital Markets LLC, RBC Capital Markets and UBS Investment Bank served as lead managers for the offering, and Baird and Sandler O'Neill + Partners, L.P. served as co-managers.