RED BANK, N.J., Feb. 13, 2013 /PRNewswire/ -- ZAIS Financial Corp. (NYSE: ZFC) ("ZAIS Financial" or the "Company") announced today the closing of its initial public offering of 5,650,000 shares of common stock at a price to the public of $21.25 per share, for gross proceeds to the Company of $120.1 million. ZAIS Financial has granted to the underwriters a 30-day option to purchase up to an additional 847,500 shares of common stock to cover overallotments, if any.
The Company expects to use the net proceeds from the initial public offering, together with additional borrowings, to purchase its target assets.
Deutsche Bank Securities Inc., Citigroup Global Markets Inc., Barclays Capital Inc. and Credit Suisse Securities ( USA) LLC served as the joint book runners for the offering. Stifel, Nicolaus & Company, Incorporated acted as lead manager, and Oppenheimer & Co. and Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc., acted as co-managers.A registration statement relating to the offered shares of common stock has been filed with and declared effective by the Securities and Exchange Commission ("SEC"). Copies of the prospectus for the offering may be obtained by contacting: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, Telephone: (800) 503-4611, or by emailing firstname.lastname@example.org; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: (800) 831-9146, or by emailing email@example.com; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, Telephone: (888) 603-5847, or by emailing firstname.lastname@example.org; or Credit Suisse Securities ( USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY, 10010, Telephone: (800) 221-1037, or by emailing email@example.com. This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of the Company's shares of common stock in any State or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such State or jurisdiction.
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