Synagro Technologies, Inc. (Nasdaq SmallCap:SYGR) announced today that the underwriters on the Company’s follow-on offering recently exercised their over-allotment option to purchase an additional 4,150,000 shares of the Company’s common stock. As outlined in the offering prospectus, the over-allotment shares of common stock were offered by the selling stockholders.
Banc of America Securities LLC and Lehman Brothers were the joint book-running managers for the offering. In addition, CIBC was a lead manager, and Raymond James and Sanders Morris Harris were co-managers for the offering.
Copies of the final prospectus relating to the offering may be obtained from Banc of America Securities LLC, Attn: Prospectus Department, 100 West 33rd Street, New York, New York 10001 or via e-mail or Lehman Brothers Inc., c/o ADP Financial Services, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, New York 11717.
Synagro Technologies, Inc. is a recycler of biosolids and other organic residuals in the United States, focused exclusively on the estimated $8 billion organic residuals industry, which includes water and wastewater residuals. The Company serves approximately 600 municipal and industrial water and wastewater treatment accounts with operations in 37 states and the District of Columbia.
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