June 27, 2013
/PRNewswire/ -- Solera Holdings, Inc. ("Solera") (NYSE: SLH) announced today that its indirect wholly-owned subsidiary, Audatex North America, Inc. ("Audatex"), has priced and increased the amount of its private offering from
aggregate principal amount of 6.000% senior notes due 2021 (the "Notes"). Solera anticipates that the closing of the offering will take place on or about
July 2, 2013
, subject to customary closing conditions. The Notes are priced at 100% of their principal amount, plus accrued interest from
July 2, 2013
, and will be guaranteed by Solera and all of Solera's domestic subsidiaries (other than Audatex and five immaterial domestic subsidiaries).
Audatex intends to use the proceeds from the offering to repay all of the outstanding indebtedness under its senior secured credit facility and to pay related fees and expenses. The remaining net proceeds will be used for working capital and other general corporate purposes, which may include funding one or more strategic initiatives that Solera may undertake from time to time. Such strategic initiatives may include future acquisitions, joint ventures, investments or other business development opportunities. As of the date of this press release, Solera has not entered into any material agreements, commitments or understandings relating to any significant transaction of this type. Solera, however, is currently in negotiations with regard to a significant acquisition opportunity.
The Notes will be offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain persons outside of the U.S. pursuant to Regulation S under the Securities Act. Neither the Notes nor the related guarantees have been registered under the Securities Act or any state or other securities laws and may not be offered or sold in
the United States
absent registration or an applicable exemption from registration requirements of the Securities Act and applicable state securities laws.
This press release is issued pursuant to Rule 135c of the Securities Act, and shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.