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Issuer:
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Orion
Marine Group, Inc.
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Security:
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Common
stock, par value $0.01 per share
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Symbol:
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ORN
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Shares
To Be Issued:
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4,200,000
shares (upsized from 3,500,000 shares)
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Overallotment
Option:
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630,000
shares (upsized from 525,000 shares)
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Price
to Public:
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$19.70
per share
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Trade
date:
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August
12, 2009
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Settlement
date:
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August
18, 2009 (T+4)
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Use
of Proceeds:
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The
issuer expects that the net proceeds from this offering will be
approximately $79,080,400 ($90,994,960 if the underwriters exercise their
over-allotment option in full), after deducting the underwriting discount
and estimated offering expenses, based on a public offering price of
$19.70 per share. The issuer intends to use the net
proceeds from this offering to repay approximately $30.0 million of
outstanding borrowings under its existing credit facility, and to use the
balance for capital expenditures, possible future acquisitions and general
corporate purposes.
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