/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE
TORONTO, March 14, 2014 /CNW/ - Callidus Capital Corporation, a provider
of flexible and innovative asset-based loans, has filed a preliminary
prospectus with the securities regulatory authorities in each of the
provinces and territories of Canada (except Québec) in connection with
a proposed initial public offering (the "Offering") of its common
shares. A copy of the preliminary prospectus is available on SEDAR (www.sedar.com).
The Offering is being made through a syndicate of underwriters led by
Canaccord Genuity Corp., and including CIBC World Markets Inc., TD
Securities Inc., National Bank Financial Inc., GMP Securities L.P.,
Desjardins Securities Inc. and Dundee Securities Ltd.
The preliminary prospectus contains important information relating to
these securities, but remains subject to completion or amendment.
There will not be any sale or any acceptance of an offer to buy the
securities until a receipt for the final prospectus has been issued.
Callidus is a portfolio company primarily owned by investment funds
managed by The Catalyst Capital Group Inc.
About Callidus Capital Corporation
Callidus is a specialty asset-based lender, focused primarily on
Canadian companies and select U.S. companies that are unable to obtain
adequate financing from traditional lenders. Callidus provides
flexible and innovative loan structuring, with limited or no covenants
and an efficient credit approval process.
About The Catalyst Capital Group Inc.
The Catalyst Capital Group Inc. is a Toronto-based private equity
investment management firm that specializes in control and influence
investments in Canada and has over $3 billion in assets under
No securities regulatory authority has either approved or disapproved of
the contents of this news release. The securities being offered have
not been, and will not be, registered under the United States
Securities Act of 1933, as amended, or any state securities laws, and
may not be offered or sold in the United States unless pursuant to an
exemption therefrom. This press release is for information purposes
only and does not constitute an offer to sell or a solicitation of an
offer to buy any securities of Callidus in any jurisdiction in which
such offer, solicitation or sale would be unlawful.
SOURCE: Callidus Capital Corporation
For further information:
For more information about Callidus, please contact:
Chief Operating Officer
Callidus Capital Corporation
Telephone: 416 945 3016
For more information about The Catalyst Capital Group Inc., please contact:
Chief Operating Officer
The Catalyst Capital Group Inc.
Telephone: 416 945 3041