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WASHINGTON (August 4, 2005) – Sutherland Asbill &Brennan LLP represented Westport, Connecticut-based specialty finance company Patriot Capital Funding, Inc. (Nasdaq: PCAP) in its initial public offering. The offering raised over $94 million for Patriot Capital Funding, which issued 7,190,477 shares of common stock in the offering, and over $28 million for a selling stockholder, which sold 2,142,857 shares of Patriot Capital Funding's common stock in the offering.
The Sutherland Asbill & Brennan team representing Patriot Capital Funding was led by securities partners Steven B. Boehm and Cynthia M. Krus and included securities partner Harry S. Pangas and associate Lisa A. Morgan. A.G. Edwards & Sons, Inc. served as sole lead book-running manager of the offering. Jefferies & Company, Inc., Piper Jaffray & Co. and Harris Nesbitt Corp. served as co-managers.
Sutherland Asbill & Brennan LLP is a national law firm known for solving challenging business problems and resolving unique legal issues for many of the nation's largest companies. Founded in 1924, the firm has grown to more than 425 lawyers with offices in Atlanta, Austin, Houston, New York, Tallahassee and Washington, DC. For further information about the firm, please visit sutherland.com.
Inquiries related to this transaction may be directed to Cynthia M. Krus, chair of the Sutherland Asbill & Brennan LLP Securities/Corporate Governance Group at 202.383.0218 or firstname.lastname@example.org.