BOCA RATON, FL and FORT LAUDERDALE, FL--(Marketwired - November 21, 2017) - Bluegreen Vacations Corporation (
In connection with the offering, BBX Capital's wholly owned subsidiary has granted the underwriters a 30-day option to purchase up to an additional 974,797 shares of Bluegreen Vacations' common stock. BBX Capital Corporation owns approximately 90% of Bluegreen Vacations' outstanding common stock.
Stifel and Credit Suisse are acting as joint lead book-running managers and as representatives of the underwriters for the offering. BofA Merrill Lynch and SunTrust Robinson Humphrey are also acting as joint book-running managers.
A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. The offering is being made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained by contacting: Stifel, Nicolaus & Company, Incorporated, Attn: Syndicate, One Montgomery Street, Suite 3700, San Francisco, CA 94104, (415) 364‐2720, syndprospectus@stifel.com; or Credit Suisse Securities (USA) LLC, Attn: Prospectus Dept., One Madison Ave., New York, NY 10010, (800) 221-1037, newyork.prospectus@credit-suisse.com.
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 Bluegreen Vacations Corporation: Bluegreen Vacations Corporation (
About BBX Capital Corporation: BBX Capital Corporation (formerly BFC Financial Corporation) (
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All opinions, forecasts, projections, future plans or other statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements involve risks and uncertainties, including that the expenses related to the offering may be greater than estimated and the net proceeds of the offering may be less than the estimated amount, that the underwriters may not exercise their option to purchase additional shares from BBX Capital's wholly owned subsidiary in full or at all, and risks and uncertainties regarding the impact that the offering may have on BBX Capital and Bluegreen Vacations. Forward-looking statements speak only as of the date of this press release, and neither BBX Capital nor Bluegreen Vacations assumes any obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason, except as required by law.
Contact Information: Investor Relations: Leo Hinkley Managing Director, Investor Relations Officer 954-940-5300 Email: LHinkley@BBXCapital.com Media Contact: Neil Shapiro Edelman 212-704-8166 Email: Neil.Shapiro@Edelman.com
