AZZ Inc. announced that it is offering 4M shares of its common stock in an underwritten public offering. Evercore ISI and Jefferies are acting as joint lead book-running managers. Baird, Wells Fargo Securities and Wolfe Nomura Alliance are acting as additional book-running managers. Roth Capital Partners is acting as co-manager for the offering. AZZ intends to use the net proceeds for the redemption of all of the company’s 6.0% Series A Convertible Preferred Stock.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AZZ:
- AZZ Inc. price target raised to $85 from $67 at B. Riley
- AZZ Incorporated’s Financial Health Threatened by Coil Coating Quality Risks
- AZZ Inc. backs FY25 adjusted EPS view $4.50-$5.00, consensus $4.77
- AZZ Inc. Reports Fourth Quarter and Fiscal Year 2024 Full Year Results
- AZZ Inc. reports Q4 adjusted EPS 93c, consensus 70c
Questions or Comments about the article? Write to editor@tipranks.com