Flywire Corporation (Nasdaq: FLYW) (“Flywire” or the
“Company”), a global payments enablement and software company,
today announced the pricing of its underwritten public offering of
8,000,000 shares of its voting common stock (the “Common Stock”) at
a price to the public of $32.00 per share. Closing of the offering
is expected to occur on August 14, 2023, subject to customary
closing conditions. In addition, Flywire has granted the
underwriters a 30-day option to purchase up to an additional
1,200,000 shares of Common Stock at the public offering price less
the underwriting discounts and commissions.
Goldman Sachs & Co. LLC is acting as lead book-running
manager for the offering. J.P. Morgan, Citigroup, BofA Securities,
Raymond James, RBC Capital Markets and William Blair are acting as
book-running managers for the offering. Wolfe | Nomura Strategic
Alliance, Stephens Inc. and Telsey Advisory Group are acting as
co-managers 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 offering was filed with the SEC on August 9, 2023. The final
prospectus supplement and accompanying prospectus relating to the
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; J.P. Morgan Securities LLC,
Attention: Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, or by telephone at (866) 803-9204, or by email
at prospectus-eq_fi@jpmchase.com; Citigroup Global Markets Inc.,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, or by telephone at (800) 831-9146, or by email
at prospectus@citi.com; BofA Securities, Attention: Prospectus
Department, NC1-022-02-25, 201 North Tryon, Charlotte, North
Carolina 28255-0001, or by email at
dg.prospectus_requests@bofa.com; Raymond James & Associates,
Inc., Attention: Equity Syndicate, 880 Carillon Parkway, St.
Petersburg, Florida 33716, by telephone at (800) 248-8863 or by
e-mail at prospectus@raymondjames.com; RBC Capital Markets, LLC,
Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York,
NY 10281, telephone: 1-877-822-4089, or email:
equityprospectus@rbccm.com; or William Blair & Company, L.L.C.,
Attention: Prospectus Department, 150 North Riverside Plaza,
Chicago, Illinois 60606, by telephone at (800) 621-0687 or by email
at prospectus@williamblair.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 Statements
Except for historical information, certain statements in this
press release, including statements regarding the closing of the
follow-on 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 satisfaction of the closing conditions
related to the follow-on 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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