CURO Group Holdings Corp. announced a secondary offering of 5 million of its common shares by certain shareholders.
The selling shareholders plan to grant the underwriters a 30-day option to purchase up to an additional 750,000 common shares.
Based on a May 14 closing share price of $24.35 and assuming full exercise of the underwriters option, S&P Global Market Intelligence calculates a gross offering size of about $140.0 million.
CURO Group Holdings is not selling any shares and will not receive any proceeds from the sale, according to a news release.
Credit Suisse Securities (USA) LLC, Jefferies LLC and Stephens Inc. are acting as joint book-running managers, while William Blair & Co. LLC and Janney Montgomery Scott LLC are co-managers for the offering.