Intrawest Resorts Holdings, Inc. Announces Pricing of Initial Public Offering Business Wire DENVER -- January 30, 2014 Intrawest Resorts Holdings, Inc. announced the pricing of its initial public offering of 15,625,000 shares of its common stock at $12.00 per share. The Company priced 3,125,000 shares of its common stock and an entity controlled by certain private equity funds managed by an affiliate of Fortress Investment Group LLC priced an additional 12,500,000 shares of the Company’s common stock. The selling stockholder has granted the underwriters a 30-day option to purchase up to an additional 2,343,750 shares of common stock. The shares are expected to begin trading on the New York Stock Exchange under the symbol “SNOW” on January 31, 2014. The offering is expected to close on or about February 5, 2014 subject to the satisfaction of customary closing conditions. The net proceeds received by the Company from the offering are expected to be approximately $35.1 million after deducting underwriting discounts and commissions and before deducting estimated offering expenses. The Company has no specific plans for the net proceeds received by the Company from the offering and intends to use such proceeds for working capital and other general corporate purposes, which may include potential investments in, and acquisitions of, ski and adventure travel businesses and assets. The Company will not receive any proceeds from the sale of common stock by the selling stockholder. Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and BofA Merrill Lynch are acting as joint book-running managers and representatives of the underwriters in the offering. JMP Securities LLC, KeyBanc Capital Markets and Stephens Inc. are acting as co-managers in the offering. The offering is being made only by means of a prospectus. Copies of the final prospectus relating to the offering can be obtained from: Deutsche Bank BofA Merrill Lynch Goldman, Sachs & Co. Credit Suisse Securities (USA) LLC Securities Inc. Attn: Prospectus Attn: Prospectus Department Attn: Prospectus Department Attn: Prospectus Department. Department 200 West Street One Madison Avenue 222 Broadway 60 Wall Street New York, NY 10282 New York, NY 10010 New York, NY 10038 New York, NY 10005 Phone: (866) 471-2526 Phone: (800) 221-1037 dg.prospectus_requests Phone: (800) 503-4611 Prospectusfirstname.lastname@example.org email@example.com @baml.com firstname.lastname@example.org The registration statement relating to these securities was declared effective by the Securities and Exchange Commission on January 30, 2014. 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 Intrawest Resorts Holdings, Inc. Intrawest is a North American mountain resort and adventure company, delivering distinctive vacation and travel experiences to its customers for over three decades. The Company owns interests in seven four-season mountain resorts with more than 11,000 skiable acres and more than 1,150 acres of land available for real estate development. Intrawest’s mountain resorts are geographically diversified across North America’s major ski regions, including the Eastern United States, the Rocky Mountains, the Pacific Southwest and Canada. The Company also operates an adventure travel business, the cornerstone of which is Canadian Mountain Holidays, the leading heli-skiing adventure company in North America. Additionally, the Company operates a comprehensive real estate business through which it manages, markets and sells vacation club properties; manages condominium hotel properties; and sells and markets residential real estate. Forward-Looking Statements This press release includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward looking statements include statements regarding the closing of the offering and the Company’s use of the net proceeds of the offering. Forward looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at or by which such performance or results will be achieved. Forward looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements. Except as required by applicable law, the Company does not intend, and undertakes no duty, to update this information to reflect future events or circumstances. Investors are referred to the Company’s registration statement on Form S-1. Contact: Intrawest Resorts Holdings, Inc. Investor Relations (303) 749-8370 InvestorRelations@intrawest.com
Intrawest Resorts Holdings, Inc. Announces Pricing of Initial Public Offering
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