SolarWinds announces public offering of common stock

SolarWinds, Inc., a US-based provider of enterprise-class network management software solutions, is planning to file a registration statement with the Securities and Exchange Commission for a proposed public offering of its common stock.

SolarWinds intends to offer 1.5 million shares of common stock and selling stockholders intend to offer 8.5 million shares of common stock. The selling stockholders intend to grant the underwriters an option for a period of 30 days to purchase up to 1.5 million additional shares of common stock.

J.P. Morgan Securities, Inc., Goldman, Sachs & Co., Morgan Stanley & Co., Incorporated, Jefferies & Company, Inc., Thomas Weisel Partners LLC, FBR Capital Markets & Co. and Pacific Crest Securities are acting as underwriters for the offering.

Deal Type    IPO
Sub-Category Secondary Offering
Deal Status  Announced: 2009-10-26

Deal Participants

Target (Company) SolarWinds, Inc.

Deal Rationale

SolarWinds intends to use a portion of the net proceeds from the offering to repay part of its outstanding long-term indebtedness of $44.1 million as of September 30, 2009 as required by its December 2005 credit facilities.

No. Shares Issued 10000000

Related terms: ipo, public offering, securities, software