BrightSpring Announces Pricing of Secondary Offering of Common Stock and Concurrent Share Repurchase
BrightSpring announced the pricing of a secondary offering of 15 million shares by existing stockholders, including a KKR affiliate and management, at $58.75 per share. The company is not selling shares in this offering; all proceeds go to the selling stockholders. However, BrightSpring authorized a concurrent repurchase of 1,026,694 shares from the underwriter at the same price. Goldman Sachs is the sole book-running manager.
Key figures
- Offering Price
- 58.75
- Shares Offered
- 15000000
- Gross proceeds
- $887.5 million
- Shares repurchased
- 1026694
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