Cardtronics Inc. has announced an upsized secondary public offering of 7 million shares of outstanding common stock at $12 per share.
According to a news release from Cardtronics, the shares of common stock are being sold by stockholders CapStreet II L.P., CapStreet Parallel II L.P. and investment funds affiliated with TA Associates. The offering was upsized from 6 million shares to 7 million shares and is scheduled to close on April 6.
Cardtronics says it will not receive proceeds from the secondary offering. Piper Jaffray & Co. and UBS Securities LLC are the joint book-running managers for the offering. William Blair & Company and SunTrust Robinson Humphrey are acting as co-managers.
