Seeking Alpha

PRA Health prices stock offering at $97.50

|About: PRA Health Sciences, Inc. (PRAH)|By:, SA News Editor

PRA Health Sciences (PRAH +1.5%) has priced its public offering of ~6.7M common shares from current stockholder KKR PRA Investors L.P. at $97.50. Once sold, KKR will no longer have a stake in the company.

It plans to repurchase $300M of the stock (~3.1M shares) with the proceeds from an incremental term loan under its current credit facilities.

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