Flywire Launches Proposed Follow-On Offering
09 Agosto 2023 - 3:41PM
Flywire Corporation (Nasdaq: FLYW) (“Flywire” or the
“Company”), a global payments enablement and software company,
today announced the launch of a proposed follow-on public offering
of $250,000,000 of shares of its voting common stock (the “Common
Stock”). In addition, Flywire expects to grant the underwriters a
30-day option to purchase up to an additional $37,500,000 of shares
of Common Stock from Flywire at the public offering price less the
underwriting discounts and commissions. The offering is subject to
market and other conditions, and there can be no assurance as to
whether or when the offering may be completed, or as to the actual
size or terms of the offering.
Goldman Sachs & Co. LLC is acting as lead book-running
manager for the offering.
The securities described above are being offered pursuant to an
automatically effective shelf registration statement on Form S-3
that was filed with the U.S. Securities and Exchange Commission
(the “SEC”) on August 9, 2023. A preliminary prospectus supplement
and accompanying prospectus relating to and describing the terms of
the proposed offering will be filed with the SEC and may be
obtained, when available, by contacting Goldman Sachs & Co.
LLC, Attn: Prospectus Department, 200 West Street, New York, NY
10282, or by telephone at (866) 471-2526 or by emailing
prospectus-ny@ny.email.gs.com; or by accessing the SEC’s website at
www.sec.gov.
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.
About Flywire
Flywire is a global payments enablement and software company.
Flywire combines its proprietary global payments
network, next-gen payments platform and vertical-specific
software to deliver the most important and complex payments for its
clients and their customers.
Flywire leverages its vertical-specific software and payments
technology to deeply embed within the existing A/R workflows for
its clients across the education, healthcare and travel vertical
markets, as well as in key B2B industries. Flywire also integrates
with leading ERP systems, so organizations can optimize the payment
experience for their customers while eliminating operational
challenges.
Flywire supports more than 3,500 clients with diverse payment
methods in more than 140 currencies across 240 countries and
territories around the world. Flywire is headquartered in Boston,
MA, USA with additional offices around the globe.
Forward-looking StatementsExcept for historical
information, certain statements in this press release, including
statements regarding the proposed follow-on public offering and the
proposed terms of such offering are “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995, and are subject to risks, uncertainties and assumptions
about Flywire and its business, including, without limitation,
risks and uncertainties related to market conditions, the ability
to complete the offering, and the satisfaction of the closing
conditions related to the follow-on public offering. Such
forward-looking statements involve substantial risks and
uncertainties that relate to future events and the actual results
could differ significantly from those expressed or implied by the
forward-looking statements. Any forward-looking statements are
based on Flywire’s current expectations, estimates and
assumptions regarding future events and are applicable only as of
the dates of such statements. Flywire makes no commitment
to revise or update any forward-looking statements in order to
reflect events or circumstances that may change, except as required
by law. For a further description of the risks and uncertainties
that could cause actual results to differ from those expressed in
these forward-looking statements, as well as risks relating
to Flywire’s business in general, please refer to the “Risk
Factors” section in Flywire’s automatically effective
shelf registration statement on Form S-3 filed with the SEC on
August 9, 2023, including the documents incorporated by reference
therein, including its Annual Report on Form 10-K filed
with the SEC on March 10, 2023 and its Quarterly
Report on Form 10-Q filed with the SEC on August 8, 2023.
Investor Relations:Akil
Hollisir@Flywire.com
Media:Sarah
KingSarah.King@Flywire.com
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