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Global Brass and Copper Holdings Inc Announces Closing Of Secondary Public Offering


Tuesday, 1 Oct 2013 04:00pm EDT 

Global Brass and Copper Holdings Inc announced the closing of a secondary public offering in the United States of 5,750,000 shares of its common stock, including 750,000 shares of common stock sold in connection with the full exercise of the option to purchase additional shares granted to the underwriters, at a price to the public of $16.50 per share. The shares offered were sold by the Company`s majority stockholder, which is an affiliate of KPS Capital Partners, LP, and the Company did not receive any of the proceeds of the offering. The aggregate proceeds to the selling stockholder net of underwriters` commissions were $90,368,438. Goldman, Sachs & Co., Morgan Stanley, William Blair and KeyBanc Capital Markets acted as underwriters for the offering, with Goldman, Sachs & Co. and Morgan Stanley acting as representatives for the underwriters. A registration statement relating to these securities has been filed and declared effective with the U.S. Securities and Exchange Commission (SEC). 

Company Quote

15.58
-0.33 -2.07%
28 Jul 2014