Key Developments: Advanced Drainage Systems Inc (WMS.N)

WMS.N on New York Stock Exchange

23.21USD
24 Nov 2014
Price Change (% chg)

$0.01 (+0.04%)
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Latest Key Developments (Source: Significant Developments)

Advanced Drainage Systems Inc initiates quarterly cash dividend
Wednesday, 12 Nov 2014 01:05pm EST 

Advanced Drainage Systems Inc:Intimates dividend program pursuant to which the Company intends to pay regular quarterly cash dividends on its common stock.Declares an initial cash dividend of $0.04 per share.Payable on Dec. 10 to stockholders of record on Dec. 01.  Full Article

Advanced Drainage Systems Inc lowers high end of prior FY 2015 revenue guidance to a range in line with analysts' estimates; reaffirms FY 2015 EBITDA guidance
Wednesday, 5 Nov 2014 07:30am EST 

Advanced Drainage Systems Inc:Updates financial targets for FY 2015.Says range for net sales for FY 2015 was tightened to $1.21 to $1.25 bln, while outlook remained unchanged for adjusted EBITDA and is expected to be in the range of $165 to $175 mln.FY 2015 revenue of $1.22 bln and EBITDA of $167 mln - Thomson Reuters I/B/E/S.  Full Article

Advanced Drainage Systems Inc gives FY 2015 guidance
Wednesday, 3 Sep 2014 07:30am EDT 

Advanced Drainage Systems Inc:Expects FY 2015 net sales to be in the range of $1.21 to $1.26 bln.Expects FY 2015 adjusted EBITDA in the range of $165 to $175 mln.  Full Article

Advanced Drainage Systems Inc announces pricing of initial public offering of common stock
Thursday, 24 Jul 2014 07:22pm EDT 

Advanced Drainage Systems Inc:Announces pricing of its initial public offering of 14,500,000 shares of its common stock at a price to the public of $16.00 per share.Says ADS is offering 5,289,474 shares of its common stock and the selling stockholders named in the registration statement are offering 9,210,526 shares of common stock.Says the selling stockholders have granted the underwriters an option to purchase up to an additional 2,175,000 shares of common stock at the initial public offering price less the underwriting discount, within 30 days from the date of the offering.Says the shares are expected to begin trading on the New York Stock Exchange under the symbol "WMS" on July 25, 2014.Says the offering is expected to close on or about July 30, 2014.Says ADS intends to use the net proceeds from this offering to fund repayment of existing indebtedness and general corporate purposes.Says ADS will not receive any of the proceeds from the sale of shares of common stock by the selling stockholders.Says Barclays and Deutsche Bank Securities are acting as representatives of the underwriters and Barclays, Deutsche Bank Securities, Citigroup and RBC Capital Markets are acting as joint book-running managers.Says BofA Merrill Lynch, Fifth Third Securities and PNC Capital Markets LLC are acting as co-managers.  Full Article

Advanced Drainage Systems announces launch of initial public offering
Monday, 14 Jul 2014 08:15am EDT 

Advanced Drainage Systems Inc:Commences an initial public offering of 14,500,000 shares of common stock pursuant to a registration statement filed with the U.S. Securities and Exchange Commission.Initial public offering price is currently expected to be between $17.00 and $19.00 per share.ADS is offering 5,289,474 shares of its common stock and the selling stockholders named in the registration statement are offering 9,210,526 shares of common stock.ADS intends to use the net proceeds from this proposed offering to fund repayment of existing indebtedness and general corporate purposes.Barclays and Deutsche Bank Securities are acting as representatives of the underwriters and Barclays, Deutsche Bank Securities, Citigroup and RBC Capital Markets are acting as joint book-running managers for the proposed offering.  Full Article

Advanced Drainage Systems Inc announces IPO - Form S-1
Tuesday, 10 Jun 2014 08:00pm EDT 

Advanced Drainage Systems Inc:Files a registration statement on Form S-1 with the Securities and Exchange Commission (SEC) relating to the proposed initial public offering of common stock.Offer common stock for an IPO to raise offer amount of $100 mln.Intend to use the net proceeds from this offering to repay outstanding indebtedness under the revolving portion of our credit facility.Intend to use the remaining proceeds (if any) for general corporate purposes, including working capital.Barclays Capital Inc. and Deutsche Bank Securities Inc. are acting as representatives of underwriters.Barclays Capital Inc., Deutsche Bank Securities Inc., Citigroup Global Markets Inc. and RBC Capital Markets, LLC are acting as joint book-running managers of this offering.  Full Article

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