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By The Online Investor Staff, updated Fri., May. 3, 1:26 AM
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Corporate Bonds| This Slide: #11 of 25 |
Slide #11. Blucora, Inc. — Corporate Bonds
Company:
Blucora, Inc. (BCOR)
Date announced:
3/11/2013
$Amount Offered:
$150,000,000
Bond Offering Details:
Blucora, Inc. (NASDAQ:BCOR) announced today that it intends to offer, subject to market and other considerations, $150,000,000 aggregate principal amount of Convertible Senior Notes due 2019 (the "Convertible Notes") in a private placement under the Securities Act of 1933, as amended (the "Securities Act"). Blucora also intends to grant the initial purchasers of the Convertible Notes a 30-day option to purchase all or any part of an additional $22,500,000 aggregate principal amount of Convertible Notes solely to cover over-allotments. Blucora intends to use the net proceeds of the offering for working capital and general corporate purposes, including acquisitions.
Blucora is a provider of integrated tax-focused wealth management services and software. Co. has two reportable segments: the Wealth Management and the Tax Software. The Wealth Management segment provides tax-focused wealth management solutions for financial professionals, tax professionals, certified public accounting (CPA) firms, and their clients, and operates as a captive, or employee-based, registered investment advisor and wealth management business that partners with CPA firms. The Tax Preparation segment provides digital tax preparation solutions for consumers, small business owners, and tax professionals through its website www.TaxAct.com, and its mobile applications.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: BCOR Stock Forecast Based on Zacks ABR data; powered by Xignite |
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