|
----------------------------------------------------------------------
----------------------------------------------------------------------
|
Common
stock outstanding before this offering |
55,260,992
shares. |
|
Common
stock offered by company |
6,700,000
shares.
|
|
Common
stock offered by the selling stockholders |
10,000,000
shares. |
|
Common
stock to be outstanding immediately after this
offering |
61,960,992
shares. |
|
The
underwriters may also purchase up to an additional
2,505,000 shares of common stock from the selling
stockholders at the public offering price, less
the underwriting discount, within 30 days from the
date of this prospectus to cover over-allotments,
if any. |
|
|
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Use
of proceeds
Estimate
net proceeds to company from this offering will be
approximately $72.3 million, after deducting estimated
underwriting discounts and commissions and estimated offering
expenses payable by company. A $1.00 increase (decrease) in
the assumed initial public offering price of $12.00 per
share would increase (decrease) the net proceeds from this
offering by approximately $6.2million,
assuming that the number of shares offered by company remains
the same.
-
Company
intend to use the proceeds from this offering to repay $32.0
million of the outstanding indebtedness under their Amended
and Restated Credit Facility and
-
Intend to use the remaining
proceeds for working capital and general corporate purposes.
Borrowings
under its Amended and Restated Credit Facility bear interest,
at company's option, at either a LIBOR rate plus 3.25% or a
reference rate plus 1.75%. Its Amended and Restated Credit
Facility matures on March 21, 2012. Company used the proceeds
from Amended and Restated Credit Facility to refinance
and extend the maturity of the indebtedness outstanding under
its prior credit facility and to pay the 2007 Dividend.
Company
will not receive any proceeds from the sale of its common
stock by the selling stockholders, including any proceeds
resulting from the underwriters’ exercise of their option to
purchase additional shares from the selling stockholders.
|
|
----------------------------------------------------------------------
----------------------------------------------------------------------
The
share Outstanding does not give effect to:
-
8,227,467
options to purchase shares of common stock (8,162,697
shares if the underwriters exercise their over-allotment
option, as a result of the exercise of stock options by
certain selling stockholders) that are currently
outstanding under the Dice Holdings, Inc. 2005 Omnibus
Stock Plan (the “2005 Stock Plan”) and the Dice
Holdings, Inc. 2007 Equity Award Plan (the “2007 Equity
Plan”)
|
|
