B. Riley Acts as Sole Underwriter in Completing
$15.94 Million Common Stock Offering for BofI
April 08, 2010 09:13 AM Eastern Daylight Time
LOS ANGELES--(EON: Enhanced Online News)--B. Riley & Co., LLC (B. Riley), www.brileyco.com, a full
service broker dealer providing research and trading ideas to institutional clients and high net worth individuals, and
investment banking services to a wide range of middle market private and public companies, announced today that it
has acted as sole underwriter in the successful completion of a $15.94 million common stock offering for BofI
Holding, Inc. (NASDAQ:BOFI).
The offering consisted of 1,226,276 shares of BofI common stock at $13.00 per share. The total shares sold in the
offering included 159,949 shares purchased by B. Riley through the exercise of the over-allotment option.
B. Riley Chairman Bryant Riley and Managing Director Robert Campbell worked on the transaction.
“Our in-depth knowledge and research coverage of the financial services industry allowed us to bring this deal to
appropriate institutional investors and complete this capital raise quickly for the benefit of BofI,” said Riley.
"The execution of the B. Riley team was excellent and exceeded our expectations," said Gregory Garrabrants, Chief
Executive Officer and President of BofI.
In a BofI-issued press release, the company has reported that net proceeds from the offering, after underwriting
discounts and estimated transaction expenses, are anticipated to be approximately $15.2 million, and that it intends
to use the net proceeds of the offering for general corporate purposes.
About B. Riley & Co.
B. Riley & Co. is a leading independent investment bank which provides a full array of corporate finance, research,
sales, trading and OTCQX DAD services to corporate, institutional and high net worth individual clients. Investment
banking services include merger and acquisitions advisory to public and private middle market companies, initial and