OKLAHOMA CITY--(BUSINESS WIRE)--
Paycom Software, Inc. (NYSE:PAYC) (“Paycom”), a leading provider of
comprehensive, cloud-based human capital management software delivered
as Software-as-a-Service, announced the pricing of the underwritten
secondary offering (the “Offering”) of 4,500,000 shares of its common
stock by Welsh, Carson, Anderson & Stowe X, L.P., WCAS Capital Partners
IV, L.P. and WCAS Management Corporation (collectively, “WCAS”), certain
of Paycom’s executive officers and certain other selling stockholders
(collectively, the “Selling Stockholders”). The price to the public in
the Offering is $42.15 per share. Certain of the Selling Stockholders
have also granted the underwriter a 30-day option to purchase up to an
additional 675,000 shares, solely to cover overallotments. Barclays is
acting as the sole underwriter for the Offering. The Offering is
expected to close on or about November 18, 2015, subject to customary
closing conditions. Paycom will not receive any proceeds from the
Offering.
A copy of the prospectus and prospectus supplement related to the
Offering may be obtained, when available, from Barclays Capital Inc.,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, or e-mail Barclaysprospectus@broadridge.com,
or telephone 1 (888) 603-5847.
Paycom has filed a registration statement, including a prospectus and a
prospectus supplement, which has become effective, with the Securities
and Exchange Commission (the “SEC”) for the Offering to which this
communication relates. Before you invest, you should read the prospectus
supplement, the accompanying prospectus, the registration statement and
the other documents Paycom has filed with the SEC for more complete
information about Paycom and the Offering. You may get these documents
for free by visiting the SEC website at www.sec.gov.
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 Paycom
As a leader in payroll and HR technology, Oklahoma City-based Paycom
redefines the human capital management industry by allowing companies to
effectively navigate a rapidly changing business environment. Its
cloud-based software solution is based on a core system of record
maintained in a single database for all human capital management
functions, providing the functionality that businesses need to manage
the complete employment lifecycle, from recruitment to retirement.
Paycom has the ability to serve businesses of all sizes and in every
industry. As one of the leading human capital management providers,
Paycom serves clients in all 50 states from offices across the country.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151113005127/en/
Paycom Software, Inc.
Media Contact:
Kathy Oden-Hall,
CMO, 800-580-4505
Kathy.Oden-Hall@paycom.com
or
Investor
Relations Contact:
855-603-1620
investors@paycom.com
Source: Paycom Software, Inc.