B. Riley & Co. Acts as Joint Book-Running Manager on $20 Million Public Offering for Red Lion Hotels Corporation
- Asset Management , Infrastructure
- 28.12.2016 08:30 am
B. Riley & Co., LLC (B. Riley), a full service investment bank and a wholly-owned subsidiary of B. Riley Financial, Inc., acted as a joint book-running manager in the underwritten public offering of 2.5 million shares of common stock of Red Lion Hotels Corporation (RLHC), which includes the full exercise by the underwriters of their option to purchase an additional 249,999 shares.
RLHC priced the 2.5 million shares of its common stock at $8.00 per share resulting in gross proceeds of approximately $20 million. The offering closed on December 20, 2016.