BrightSpring Announces Secondary Offering of Common Stock and Concurrent Share Repurchase

BrightSpring announced a secondary offering of 15 million shares by selling stockholders, including an affiliate of KKR and certain management members. No shares are being sold by the company itself, and all proceeds go to the selling stockholders. The company authorized a concurrent share repurchase of up to 10% of the shares sold, capped at $60 million, at the same price paid by the underwriter. This buyback is conditioned on the completion of the offering and is expected to close simultaneously.

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