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Hill International prices stock offering

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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.

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Eric Strauss

Eric Strauss

Eric Strauss is the digital content editor for NJBIZ. He has been a reporter and editor for newspapers in New Jersey and Pennsylvania, as well as for a number of websites. You can contact him at erics@njbiz.com or @acerimrat on Twitter.

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