Blucora Announces Proposed Offering of $150,000,000 of Convertible Senior Notes

  Blucora Announces Proposed Offering of $150,000,000 of Convertible Senior
  Notes

Business Wire

BELLEVUE, Wash. -- March 11, 2013

Blucora, Inc. (NASDAQ: BCOR) announced today that it intends to offer, subject
to market and other considerations, $150,000,000 aggregate principal amount of
Convertible Senior Notes due 2019 (the “Convertible Notes”) in a private
placement under the Securities Act of 1933, as amended (the “Securities Act”).
Blucora also intends to grant the initial purchasers of the Convertible Notes
a 30-day option to purchase all or any part of an additional $22,500,000
aggregate principal amount of Convertible Notes solely to cover
over-allotments. Blucora intends to use the net proceeds of the offering for
working capital and general corporate purposes, including acquisitions.

The Convertible Notes will be general unsecured senior obligations of Blucora,
and will be convertible under certain circumstances, and during certain
periods. Initially Blucora will settle conversions of the Convertible Notes by
delivering shares of Blucora common stock at a specified conversion rate.
However, if Blucora obtains stockholder approval in accordance with applicable
NASDAQ rules, Blucora will settle conversions of the Convertible Notes by
paying or delivering, as the case may be, cash, shares of its common stock, or
a combination of cash and shares of its common stock, at its election. The
interest rate, conversion rate, and other terms of the Convertible Notes will
be determined at the time of pricing of the offering.

This offering is being made to qualified institutional buyers pursuant to Rule
144A under the Securities Act. Neither the Convertible Notes nor any shares of
Blucora’s common stock issuable upon conversion of the Convertible Notes have
been or are expected to be registered under the Securities Act or any state
securities laws and, unless so registered, may not be offered or sold in the
United States or to U.S. persons except pursuant to an exception from, or in a
transaction not subject to the registration requirements of the Securities Act
and applicable state securities laws. This press release does not constitute
an offer to sell or the solicitation of an offer to buy any securities, nor
shall it constitute an offer, solicitation, or any sale in any jurisdiction in
which such offer, solicitation, or sale is unlawful.

This press release includes forward-looking statements regarding Blucora’s
financing plans, including statements related to Blucora’s offering of the
Convertible Notes and intended use of net proceeds of the offering. Such
statements are subject to certain risks and uncertainties including, without
limitation, risks related to whether Blucora will consummate the offering of
the Convertible Notes on the expected terms, or at all, market and other
general economic conditions, whether Blucora will be able to satisfy the
conditions required to close any sale of the Convertible Notes, and the fact
that Blucora’s management will have broad discretion in the use of the
proceeds from any sale of the Convertible Notes. Blucora’s forward-looking
statements also involve assumptions that, if they never materialize or prove
correct, could cause its results to differ materially from those expressed or
implied by such forward-looking statements. These and other risks concerning
Blucora and its businesses are described in additional detail in its Annual
Report on Form 10-K for the year ended December 31, 2012, which is on file
with the SEC.

Contact:

Blucora, Inc.
Stacy Ybarra, 425-709-8127
stacy.ybarra@blucora.com
 
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