HomeBanc Corp. Announces Pricing of Its Initial Public Offering of Common Stock
July 14 2004 - 7:54AM
PR Newswire (US)
HomeBanc Corp. Announces Pricing of Its Initial Public Offering of
Common Stock ATLANTA, July 14 /PRNewswire-FirstCall/ -- HomeBanc
Corp. (NYSE:HMB) announced today the pricing of the initial public
offering of 30,000,000 shares of its common stock (the "Common
Stock") at a price to the public of $7.50 per share, and the
pricing of the sale of 4,250,000 shares of Common Stock to GTCR
Fund VII/A, L.P. at a price of $7.02 per share. In addition,
HomeBanc Corp. has granted the underwriters an option for 30 days
to purchase up to 4,500,000 additional shares of Common Stock from
HomeBanc Corp. to cover overallotments. The Common Stock has been
authorized for listing on the New York Stock Exchange under the
symbol "HMB". The shares of Common Stock are being sold through
J.P. Morgan Securities Inc., Friedman, Billings, Ramsey & Co.,
Inc., Lehman Brothers Inc., A.G. Edwards & Sons, Inc., William
Blair & Company, L.L.C., KeyBanc Capital Markets, a Division of
McDonald Investments, and Jackson Securities, LLC, as underwriters.
J.P. Morgan Securities Inc. is acting as sole book-running manager.
J.P. Morgan Securities Inc. and Friedman, Billings, Ramsey &
Co., Inc. are acting as joint lead managers. HomeBanc Corp. is the
parent company of HomeBanc Mortgage Corporation, a mortgage banking
company that focuses on originating purchase money residential
mortgage loans in the southeast United States. HomeBanc Corp
intends to make an election to be taxed as a "real estate
investment trust" for income tax purposes. This press release is
not an offer to sell or the solicitation of an offer to buy any
securities, and such offers are made only in jurisdictions where
permitted pursuant to the prospectus. A copy of the prospectus may
be obtained from J.P. Morgan Securities Inc., Prospectus
Department, One Chase Manhattan Plaza, New York, New York 10081
(212-552-5164). DATASOURCE: HomeBanc Corp. CONTACT: Steven R.
McClellan, Executive Vice President and CFO of HomeBanc Corp.,
+1-404-303-4000 Web site: http://www.homebanc.com/
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