The company intends to use the net proceeds from the offering to repay outstanding borrowings under its revolving credit facility as well as for general corporate purposes, which may include acquisitions of complementary businesses. The company will not receive any proceeds from the sale of shares by the selling stockholders. Jefferies, J.P. Morgan, and BMO Capital Markets are acting as joint book-running managers of the offering. BB&T Capital Markets and Canaccord Genuity are acting as co-managers.
- Investment & Company Information