Evercore Partners Prices Secondary Offering

NEW YORK, Nov. 4, 2015 /PRNewswire/ --

Evercore Partners Inc. (NYSE: EVR) today announced that the underwritten public offering of 5,454,545 shares of its Class A common stock, all of which are being sold by Mizuho Bank Ltd., was priced at an initial price to the public of $55.00 per share. 3,100,000 shares are being offered to public investors. In addition, Evercore has agreed to repurchase 2,354,545 shares at a price per share equal to the price at which the underwriters will purchase such shares from the selling stockholder. 

The shares to be sold by Mizuho will be issued at the closing of the offering upon the exercise in full of the outstanding warrant to purchase 5,454,545 shares acquired by Mizuho in 2008. In connection with the exercise of the warrant, Mizuho will surrender the $120 million of 5.2% senior notes due 2020 acquired by it in 2008. 

Mizuho Securities and Evercore ISI are acting as the joint book-running managers for the offering.

The offering is being made pursuant to a shelf registration statement filed with the U.S. Securities and Exchange Commission, which became effective on June 13, 2014. Copies of the written final prospectus related to the offering, when available, may be obtained by contacting Mizuho Securities or Evercore ISI as follows:

Mizuho Securities
320 Park Avenue
12th Floor
New York, New York 10022
Telephone: +1.212.205.7600
Email: [email protected]

Evercore ISI
55 East 52^nd Street
New York, NY 10055
Telephone: +1.212.857.3100
Email: [email protected]

The final prospectus, when it is available, also may be obtained on the Securities and Exchange Commission's website at http://www.sec.gov.

The offering is made only by means of the prospectus and related prospectus supplement.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

About Evercore
Evercore is a leading independent investment banking advisory firm. Evercore's Investment Banking business advises its clients on mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions and also provides institutional investors with high quality equity research, sales and trading execution that is free of the conflicts created by proprietary activities. Evercore's Investment Management business comprises wealth management, institutional asset management and private equity investing. Evercore serves a diverse set of clients around the world from 28 offices in North America, Europe, South America and Asia. More information about Evercore can be found on the Company's website at www.evercore.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can identify these forward-looking statements by the use of words such as "outlook", "believes", "expects", "potential", "continues", "may", "will", "should", "seeks", "approximately", "predicts", "intends", "plans", "estimates", "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including, among others, risks inherent to the hospitality industry, macroeconomic factors beyond the Company's control, competition for hotel guests, management and franchise agreements and timeshare sales, risks related to doing business with third-party hotel owners, the Company's significant investments in owned and leased real estate, performance of the Company's information technology systems, growth of reservation channels outside of the Company's system, risks of doing business outside of the United States and the Company's indebtedness. Additional factors that could cause the Company's results to differ materially from those described in the forward-looking statements can be found under the section entitled "Risk Factors" of the Company's most recent Annual Report on Form 10-K, filed with the SEC, as such factors may be updated from time to time in the Company's periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

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SOURCE Evercore

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