Fifth Third Bank

Transaction Highlights

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Planet Fitness Midwest

Transaction Size: $65MM | $15MM
Fifth Third Bank Role: Sole Lead Arranger & Administrative Agent | Exclusive Financial Advisor
Transaction Type: Senior Secured Debt| Unsecured Subordinated Debt
Industry: Retail

Investment Banking
Fifth Third Securities, Inc. served as the exclusive financial advisor to Planet Fitness Midwest on their recent growth capital raise. Together, Fifth Third Bank raised $65 million of senior debt through a syndication+ and Fifth Third Securities, Inc. placed $15 million of subordinated debt++ to facilitate the Company’s considerable growth trajectory.

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Almost Family

Transaction Size: $153,525,000
Fifth Third Bank Role: Co-Manager
Transaction Type: Follow-On Offering
Industry: Healthcare

Equity Capital Markets
Fifth Third Securities, Inc. acted as co-manager on Almost Family’s follow-on offering of $153,525,000. Almost Family, Inc. and its subsidiaries operate a visiting nurse segment, a personal care segment and a HealthCare Innovations segment.

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The Greenbrier Companies

Transaction Size: $275,000,000
Fifth Third Bank Role: Co-Manager
Transaction Type: Convertible Notes Offering
Industry: Diversified Industrials

Equity Capital Markets
Fifth Third Securities, Inc. acted as co-manager on The Greenbrier Companies’ convertible notes offering totaling $275,000,000. Greenbrier designs, builds and markets freight railcars in North America and Europe, builds freight railcars and rail castings in Brazil through a strategic partnership, and builds and markets marine barges in North America. 

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Jagged Peak Energy

Transaction Size: $473,990,010
Fifth Third Bank Role: Co-Manager
Transaction Type: Initial Public Offering
Industry: Energy

Equity Capital Markets
Fifth Third Securities, Inc. acted as co-manager on Jagged Peak Energy’s initial public offering totaling $473,990,010. Jagged Peak Energy Inc. is an independent oil and natural gas company focused on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware Basin, a sub-basin of the Permian Basin of West Texas.

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City of Evansville, IN Redevelopment Authority

Transaction Size: $92,425,000
Fifth Third Bank Role: Senior Manager
Transaction Type: Lease Rental Revenue
Refunding Bonds, Series 2016 (Arena Project)
Industry: Government

Fixed Inc. Sales and Trading
Fifth Third Securities, Inc. was the Senior Manager on the City of Evansville, Indiana, Redevelopment Authority Lease Rental Revenue Refunding Bonds, Series 2016 (Arena Project) transaction. The $92,425,000 municipal bond transaction was completed in the third quarter of 2016. The City intends to use the net proceeds from the offering to refund the 2010B Build America Bonds for a net savings of nearly $12,000,000.

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Warren Consolidated Schools District, MI

Transaction Size: $61,335,000
Fifth Third Bank Role: Senior Manager
Transaction Type: 2016 School Building & Site Bonds
Industry: Government

Fixed Inc. Sales and Trading
The tenth District bond issue Fifth Third Securities, Inc. has Senior Managed since 2008. The 2016 Bonds are the first of two series of voter approved bonds funding improvements and technology enhancements at school facilities across the District.  This issue was well received by investors with most maturities fully or over-subscribed.

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Buckeye Valley Local School District, Ohio

Transaction Size: $31,250,000 | $12,380,000
Fifth Third Bank Role: Sole Mgr
Transaction Type: School Facilities Construction
& Improvement Bonds, Series 2016A,
Refunding Bonds, Series 2016B
Industry: Government

Fixed Inc. Sales and Trading
In February of 2016, Fifth Third Securities, Inc. underwrote both the Series A and Series B bonds for the School District. It was beneficial to the District to complete both transactions simultaneously to not only take advantage of the low interest rate environment at the time, but also to achieve economies of scale by spreading those costs that are fixed across the new money and refunding purposes.

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Otterbein Senior Lifestyle Choices

Transaction Size: $26,910,000
Fifth Third Bank Role: Sole Manager
Transaction Type: Series 2016A Fixed Rate
Refunding Revenue Bonds
Industry: Healthcare

Fixed Inc. Sales and Trading
Otterbein Homes is an Ohio tax-exempt corporation established in 1912 and exists to serve the special needs of older persons by providing residential and supportive services in Otterbein’s continuing care retirement communities (CCRCs), Skilled Nursing and Rehabilitation Neighborhoods for nursing home care, and providing home health and hospice services throughout Ohio.