Boston, MA 09/04/2014 (wallstreetpr) – According to reports, Santander Consumer USA Holdings Inc. (NYSE:SC) recently announced the secondary public offering of ten million (approximately) shares of common stock of SCUSA Sponsor Auto Finance Holdings. It is one of the good investment vehicles available in the market. It is jointly owned by various investment funds that are affiliated with Kohlberg Kravis Roberts & Co. L.P. and Warburg Pincus LLC. The public offering price of it is $18.68 per share. According to reports, Sponsor Auto is looking forward to removing all the proceedings from this offer. The company has not yet sold any share out of common stock. As per the information given by the company, the last date of closing of this offering is September 8, 2014.
Other Parties involved in this transaction:
Santander Consumer USA Holdings Inc. (NYSE:SC) has not opted for joint book-runners; hence, the only company that is acting as the sole book-runner for this common stock offering is J.P. Morgan. The company recently file a shelf registration statement and base prospectus with the Securities and Exchange Commission. The registration statement became effective on August 22, 2014. The company has also filed a preliminary prospectus related to this secondary public offering with SEC. According to the rules, any offering can only be made by means of a prospectus supplement and base prospectus so that it can comply with the requirements of Section 10 of the Securities Act of 1933. If any investor has any doubt and he wants to know more about the base prospectus and prospectus supplement, then he can directly get in touch with J.P. Morgan and receive both the copies without any hassle.
The management of Santander Consumer USA Holdings Inc. (NYSE:SC) looks extremely happy about this offering. The company plans to offer such offerings in the future as well to fund its expansion projects and new operations.
