April 17, 2015
New York, April 17, 2015
Moelis & Company (the “Company”) (NYSE: MC), today announced that it has filed a shelf Registration Statement on Form S-3 with the Securities and Exchange Commission. The Registration Statement registers approximately 3.4 million shares of Class A common stock that may be issued over time in connection with the exchange of pre-IPO equity held by certain of the Company’s outside investors and employees. Approximately 40% of these shares will not be eligible for exchange until after the first quarter of 2016.
As previously disclosed in connection with the Company’s IPO, the Registration Statement registers the Class A common stock that may be issued upon exchange of an equal number of Class A partnership units of Moelis & Company Group LP, as well as the possible sale by certain stockholders of Class A common stock. The Registration Statement does not involve capital raising efforts by the Company or pre-IPO equity subject to the Managing Director four to six year lock-up. The issuance of the Class A common stock will not increase the Company’s fully exchangeable share count.
The Registration Statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time the Registration Statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these 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. A copy of the prospectus, when available, may be obtained by contacting: Moelis & Company, 399 Park Avenue, 5th Floor, New York, NY 10022.
About Moelis & Company
Moelis & Company is a leading global independent investment bank that provides innovative strategic advice and solutions to a diverse client base, including corporations, governments and financial sponsors. The Firm assists its clients in achieving their strategic goals by offering comprehensive integrated financial advisory services across all major industry sectors. Moelis & Company’s experienced professionals advise clients on their most critical decisions, including mergers and acquisitions, recapitalizations and restructurings and other corporate finance matters. The Firm serves its clients with over 550 employees based in 17 offices in North and South America, Europe, the Middle East, Asia and Australia. For further information, please visit: www.moelis.com.
1 212 883 3802