Fortress Announces Public Offering of Class A Shares

March 14, 2014

On March 12, 2014, Fortress Investment Group (NYSE: FIG) announced that it had commenced a public offering of 28,280,000 Class A shares.  Certain officers and senior employees will sell 5,077,141 Class A Shares as part of the offering.  The underwriters also have a 30-day option to purchase up to 4,242,000 additional Class A Shares.


On March 12, 2014, Fortress Investment Group (NYSE: FIG) announced that it had commenced a public offering of 28,280,000 Class A shares pursuant to an automatic shelf registration statement filed with the SEC, effective March 12, 2014.  Proceeds from the offering will be used to purchase outstanding partnership units in Fortress Operating Group from its principals.  Certain officers and senior employees will sell 5,077,141 Class A Shares as part of the offering.  The underwriters also have a 30-day option to purchase up to 4,242,000 additional Class A Shares.  Citigroup and Credit Suisse are serving as joint book-running mangers.

To read the press release, please click here.


Categories

Investment Manager Financings, Transactions