Alliance Laundry Announces Pricing of Upsized Public Offering of Common Stock by Selling Stockholder
Alliance Laundry Systems priced an upsized secondary offering of 22.55 million shares by principal stockholder BDT Capital Partners at $23.50 per share, generating approximately $530 million in gross proceeds for the seller. The company will not receive any proceeds but agreed to concurrently repurchase 3.3 million shares at the offering price to be retired, partially offsetting the increase in outstanding shares. Underwriters have a 30-day option to purchase an additional 3.38 million shares; the offering is expected to close soon, led by BofA Securities and J.P.
Key figures
- Offering Price
- 23.5
- Shares Offered
- 22550000
- Greenshoe shares
- 3382500
- Repurchase price
- 23.5
- Repurchase shares
- 3298704
AI analysis
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