Collier Creek Upsizes SPAC by $50 Million to $400 Million


Collier Creek Upsizes SPAC by $50 Million to $400 Million

Somebody brought out the gravy boat for this deal…

Collier Creek Holdings, the much anticipated Chinh Chu follow-up SPAC, added a little something extra to their deal (meal?) tonight and upsized by $50 million, bringing the total anticipated gross proceeds of their IPO to $400 million. The unit will begin trading tomorrow under the symbol CCH.U.

Collier Creek, which intends to focus on the consumer goods sector, is being led by the Co-Executive Chairmen team of Roger Deromedi and Jason Giordano, as well as Chinh Chu, as Vice-Chairman.  As previously mentioned, this is Chinh Chu’s second SPAC, the first being the 2016 $600 million, CF Corp.

Congratulations to all.

Credit Suisse and BofA Merrill Lynch acted as lead managers on the deal.