Replay Acquisition Corp. (RPLA.U), is getting set to price their $250 million Brazil/Argentina-focused SPAC tonight, with an 8-a12b filing along with their CERT. Replay will be the first SPAC out of the gate for Q2, but both B. Riley Principal Merger and Iswill will follow hot on their heels next week.
This will be the second effort in 2019 from the SPAC underwriting team of Credit Suisse and BofA Merrill Lynch, which most recently underwrote Crescent Acquisition Corp. When two underwriters work well together, why mess with success? That seems to be the case for Cowen/Chardan and Cantor/BTIG as well.
Stay tuned for any surprise up-sizes or changes to terms.
Summary of terms below:
Credit Suisse and BofA Merrill Lynch are joint-running managers, I-Bankers Securities, Inc. is co-manager.
Greenberg Traurig, LLP and Kirkland & Ellis LLP, are Issuer’s Counsel and Underwriter’s Counsel, respectively.