Solera Holdings, Inc. Announces Pricing of Common Stock Offering
October 03 2007 - 7:10PM
PR Newswire (US)
SAN DIEGO, CA, Oct. 3 /PRNewswire-FirstCall/ -- Solera Holdings,
Inc. (NYSE: SLH, "Solera"), a leading global provider of software
and services for the automobile insurance claims processing
industry, today announced that the public offering of 18,131,435
shares of its common stock has been priced at $18.75 per share. All
shares were being sold by certain selling stockholders of Solera
and no shares were being issued and sold by the company. Solera
Holdings will not receive any of the proceeds from the sale of
shares by the selling stockholders. The closing of the offering is
expected to occur on October 9, 2007, subject to the satisfaction
of customary closing conditions. Certain selling stockholders have
also granted the underwriters a 30-day option to purchase up to
2,719,715 additional shares of common stock solely to cover
over-allotments, if any. The offering is being made through an
underwriting group led by Goldman, Sachs & Co. and JPMorgan,
Citi, William Blair and Barrington Research. The shares are being
sold pursuant to an effective registration statement initially
filed with the Securities and Exchange Commission on September 17,
2007. The offering is only being made by means of the prospectus
supplement and related prospectus, copies of which may be obtained
from Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004,
fax (212) 902-9316 or email at or JPMorgan, located at Prospectus
Department, 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245,
telephone (718) 242-8002 or email at . This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
country in which such offer, solicitation, or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or country. About Solera Solera
is a leading global provider of software and services to the
automobile insurance claims processing industry. Solera has
operations in 49 countries across five continents. The Solera
companies include Audatex in the United States, Canada, and in more
than 35 additional countries, Informex in Belgium, Sidexa in
France, ABZ in The Netherlands, Hollander serving the North
American recycling market, and IMS providing medical review
services. For more information, please refer to the company's
website at http://www.solerainc.com/. This press release contains
forward-looking statements, including statements about business
outlook and strategy that may suggest trends in our business. These
statements are based on estimates and information available to us
at the time of this press release and are not guarantees of future
performance. There may be other factors that may cause our actual
results to differ materially from those suggested by these
forward-looking statements. Our actual results, performance or
achievements could differ materially from those expressed in, or
implied by, the forward-looking statements. We can give no
assurances that any of the events anticipated by the
forward-looking statements will occur or, if any of them does, what
impact they will have on our results of operations and financial
condition. You should carefully read the factors described in the
"Risk Factors" section of our filings with the Securities and
Exchange Commission for a description of certain risks that could,
among other things, cause our actual results to differ from these
forward-looking statements. All forward-looking statements are
qualified in their entirety by this cautionary statement, and the
Company undertakes no obligation to revise or update this release
to reflect events or circumstances after the date hereof. Contact:
Investor Relations: Paul Gange Solera Holdings Inc. 858-946-1751
Press Contact: John P. Dudzinsky Taylor Rafferty 212-889-4350
DATASOURCE: Solera Holdings, Inc. CONTACT: Investors, Paul Gange,
Solera Holdings Inc., +1-858-946-1751, ; or Press, John P.
Dudzinsky, Taylor Rafferty, +1-212-889-4350, Web site:
http://www.solerainc.com/
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