Hill International, a Marlton-based provider of construction risk management services, on Thursday announced it has priced its upcoming public offering of stock.
Hill will offer 8.5 million shares of common stock at $4.25 per share, it said in a news release. Underwriters have a 30-day option to purchase up to 1.275 million additional shares.
KeyBanc Capital Markets Inc. is acting as the bookrunner, while William Blair & Company, LLC; Houlihan Lokey Capital, Inc.; Boenning & Scattergood, Inc.; Sidoti & Company, LLC; and SG Americas Securities, LLC, are serving as co-managers.
Hill said it intends to keep $10 million of the net proceeds as cash and use the balance to pay down obligations and debt.
ALSO ON NJBIZ:
Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.View Comment Policy