Alliance Laundry announces secondary offering of 20,500,000 shares by BDT Capital Partners - ALH News | RalliesAlliance Laundry announces secondary offering of 20,500,000 shares by BDT Capital Partners
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ALH• Secondary offering of 20,500,000 shares by BDT Capital Partners
- Alliance Laundry announced an underwritten public offering of 20,500,000 common shares sold by principal stockholder BDT Capital Partners.
- The selling stockholder will grant underwriters a 30-day option for up to 3,075,000 additional shares.
- No shares are being sold by the company, and Alliance Laundry will receive no proceeds from the offering.
- The company plans to repurchase about USD 75 million of shares from underwriters, contingent on completion of the offering.
- BofA Securities and J.P. Morgan were named joint book-running managers.
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