trending Market Intelligence /marketintelligence/en/news-insights/trending/6CA1047DLhfCgXhrgXkoBA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Virtus Investment Partners prices common, preferred stock offerings

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Virtus Investment Partners prices common, preferred stock offerings

Virtus Investment Partners Inc. has priced offerings of 910,000 common shares at $110.00 per share and 1 million 7.25% mandatory convertible preferred shares at $100.00 per share.

The underwriters have been granted the option in each offering to buy up to an additional 15% of the common or preferred shares as needed.

Gross proceeds from the offerings will be about $200 million, or about $230 million if the underwriters fully exercise their options in each offering. Virtus plans to use the net proceeds, along with cash on hand, proceeds from selling investments and borrowings under its committed debt financing, to finance its acquisition of RidgeWorth Investments and to pay related fees and expenses.

The offerings are expected to close on or about Feb. 1. Barclays and Morgan Stanley are joint lead book-running managers, and J.P. Morgan and Bank of America Merrill Lynch are book-running managers.