Advent Announces Pricing of Secondary Public Offering

Marketwired

SAN FRANCISCO, CA--(Marketwired - Aug 8, 2013) - Advent Software, Inc. (NASDAQ: ADVS) announced today the pricing of the public offering of 7,261,844 shares of its common stock (the "Offering") by persons and entities affiliated with SPO Advisory Corp. at a price of $27.00 per share. No shares are being sold by Advent in the Offering, and the selling stockholders will receive all of the proceeds from the Offering. The selling stockholders have granted the underwriters an option to purchase up to an additional 1,089,277 shares.

J.P. Morgan Securities LLC and BofA Merrill Lynch are acting as lead joint book-running managers for the Offering, and Jefferies LLC is acting as a book-running manager for the Offering. Sandler O'Neill + Partners, L.P. and Wedbush Securities Inc. are acting as co-managers of the Offering.

Subject to the completion of the Offering, Advent intends to purchase from the underwriters 1,600,000 shares being offered by the selling stockholders in the Offering at a price per share equal to the price per share being paid by the underwriters to the selling stockholders. Advent expects to incur additional debt of approximately $25.0 million pursuant to its existing credit facility to fund the share purchase.

The Offering is being made only by means of an effective shelf registration statement, including a prospectus supplement and accompanying prospectus, copies of which may be obtained from J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or telephone: 1-866-803-9204; BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department, email dg.prospectus_requests@baml.com or Jefferies LLC, Equity Syndicate Prospectus Department, 520 Madison Avenue, 12th Floor, New York, NY, and by phone at 1-877-547-6340 or by emailing Prospectus_Department@Jefferies.com.

This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Advent
Advent Software, Inc. is a leading provider of software and services to the global investment management industry.

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