REV Group Prices Upsized Secondary Offering Of 16M Common Stock And Concurrent Share Repurchase At $16.50/Share
REV Group Prices Upsized Secondary Offering Of 16M Common Stock And Concurrent Share Repurchase At $16.50/Share
In connection with the offering, the selling stockholders have granted the underwriters an option to purchase up to 2,400,000 additional shares of common stock from the selling stockholders. REV Group is not selling any shares of common stock in the offering, and REV Group will not receive any proceeds from the offering by the selling stockholders. The offering is expected to close on or about February 20, 2024, subject to customary closing conditions.
在本次發行中，賣出股東已授予承銷商從出售股東那裏額外購買最多240萬股普通股的選擇權。REV Group未在本次發行中出售任何普通股，REV集團將不會從出售股東的發行中獲得任何收益。此次發行預計將於2024年2月20日左右結束，但須遵守慣例成交條件。
Baird, Goldman Sachs & Co. LLC and Morgan Stanley are serving as joint book-running managers for the offering. D.A. Davidson & Co. is acting as co-manager for the offering.
貝爾德，高盛公司有限責任公司和摩根士丹利擔任此次發行的聯席賬簿管理人。D.A. Davidson & Co. 擔任此次發行的聯合經理。
REV Group has agreed to purchase from the underwriters 8,000,000 of the shares of its common stock that are subject to the offering at a price per common share equal to the price to be paid to the selling stockholders by the underwriters, which is approximately $15.76 per common share. REV Group intends to fund the repurchase with cash on hand and borrowings under its revolving credit agreement.
REV Group已同意以每股普通股的價格從承銷商處購買800萬股普通股，每股普通股的價格等於承銷商向出售股東支付的價格，約爲每股普通股15.76美元。REV集團打算用手頭現金和循環信貸協議下的借款爲回購提供資金。