J.C. Bradford & Co. leads Southeastern underwriters in 1996

Business Wire, Sept 11, 1996

NASHVILLE, Tenn.--(BUSINESS WIRE)--Sept. 11, 1996--J.C. Bradford & Co. has far outpaced all other Southeastern-based stock underwriters in the total dollar amount of initial public offerings and follow on equity offerings it has lead managed year-to-date for companies in the region, it was announced today by James. H. Graves and Breck Walker, Co-Managing Directors of Corporate Finance and Partners of the firm.

According to Commscan, year-to-date through September 8, J.C. Bradford & Co. had lead managed $559.6 million in initial public offerings, or follow on equity offerings, for companies like Corrections Corporation of America ($213.8 million follow on equity offering), Regal Cinemas ($115.6 million follow on equity offering) and ClinTrials Research, Inc. ($78.5 million follow on equity offering). By comparison, during the same period, The Robinson-Humphrey Company, Inc., Atlanta, lead managed $219.4 million and Equitable Securities Corporation, Nashville, lead managed $208.6 million in equity transactions.

Other lead managed totals year-to-date include $191.7 million for Morgan Keegan & Company, Inc., Memphis, $189.2 million for Wheat First Butcher Singer, Richmond, $155.9 million for Raymond James & Associates, Inc., Jacksonville, and $48.8 million for Interstate/Johnson Lane, Corp., Charlotte, N.C.

J.C. Bradford's Corporate Finance Department, which last year achieved its fifth straight record year in corporate finance, provides equity and debt finance, merger and acquisition advice and private finance services for public and private corporations, primarily in the Southeastern United States.

"We're benefiting from the growing perception among companies in the Southeast and elsewhere that they don't have to go to Wall Street to get quality research and strong institutional and retail sales support for their issues," James H. Graves, Partner and Co-Managing Director of J.C. Bradford's Corporate Finance Group, explained.

"For example, in the late-June through July period, marked by the toughest market conditions we've experienced in over five years, we successfully lead managed over $100 million in equity offerings for companies in Kentucky, Florida and Tennessee," added Breck Walker, Partner and Co-Managing Director of J.C. Bradford's Corporate Finance Group. "It's this kind of consistent performance, in good markets and in bad, that has convinced many issuers to forgo relationships with many Street-name underwriters in favor of local firms who can do the job as well, if not better, than they."

The leading Southeastern regional brokerage firm, J.C. Bradford & Co. provides corporate finance services to the business and financial service communities, healthcare, technology, telecommunications, consumer products, restaurant, outsourcing, retail and media/entertainment industries, as well as other high growth companies.

CONTACT: J.C. Bradford & Co., Finance Department, Nashville

Jim Graves, 615/748-9583

Breck Walker, 615/748-9654