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Proceeds
Estimate
net proceeds to company from this offering will be
approximately US$273
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 US$17.00 per share would increase (decrease) the
net proceeds from this offering by approximately US$16.6
million,
assuming that the number of shares offered by company
remains the same.
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Use
of proceeds
-
To
repay revolving loan indebtedness outstanding under
its credit facility, which on estimate will be
approximately $100.0 million at the time of closing
of this offering.
-
For
working capital and general corporate purposes.
-
To
fund any suitable acquisition or investment,
although company has no current commitments or
understandings to make any such acquisition or
investment
Pending
such uses, company may invest the net proceeds from this
offering in short-term investments.
Company
will not receive any of the proceeds from the sale of
shares by the selling shareholders.
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