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BlackLine Files Registration Statement for Proposed Follow-On Offering

LOS ANGELES, May 12, 2017 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq:BL), a leading cloud-based provider of financial controls and automation solutions that enable Continuous Accounting, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed follow-on public offering of its common stock. All shares to be sold in the proposed offering are expected to be from existing stockholders of the Company. BlackLine will not receive any proceeds from the offering.

Goldman Sachs & Co. LLC and J.P. Morgan will act as joint book-running managers for the proposed offering. Pacific Crest Securities, a division of KeyBanc Capital Markets, Raymond James, William Blair and JMP Securities will act as co-managers.

The proposed offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to these securities may be obtained from Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, by facsimile at (212) 902-9316 or by email at prospectus-ny@ny.email.gs.com; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204 or by email at prospectus-eq_fi@jpmchase.com.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Investor Relations Contact: The Blueshirt Group Christine Greany 858.523.1732 christine@blueshirtgroup.com Media Relations Contact: The Blueshirt Group Jeff Fox 415.828.8298 jeff@blueshirtgroup.com

Source:BlackLine, Inc.