REV Group, Inc. Announces Pricing of Secondary Offering of Common Stock
October 12 2017 - 6:36PM
Business Wire
REV Group, Inc. (NYSE:REVG) announced today the pricing of the
offering of 10,000,000 shares of common stock by certain selling
stockholders at the public offering price of $27.25 per share. In
addition, the selling stockholders have granted the underwriters an
option to purchase up to 1,500,000 additional shares of common
stock. REV Group is not selling any shares of common stock in the
offering, and REV Group will not receive any proceeds from the
offering by the selling stockholders. The offering is expected to
close on or about October 17, 2017, subject to customary closing
conditions.
Goldman Sachs & Co. LLC, Morgan Stanley, Baird and Credit
Suisse are acting as joint lead book-running managers and
representatives of the underwriters for the offering. BMO Capital
Markets, Deutsche Bank Securities, Jefferies, Wells Fargo
Securities, Stifel and SunTrust Robinson Humphrey are also acting
as joint book-running managers for the offering.
A registration statement on Form S-1 relating to these
securities was declared effective by the U.S. Securities and
Exchange Commission. The offering is being made only by means of a
prospectus. A copy of the final prospectus relating to the
offering, when available, may be obtained from: Goldman Sachs &
Co. LLC, Attention: Prospectus Department, 200 West Street, New
York, New York 10282, via telephone: 1-866-471-2526, or via email:
prospectus-ny@ny.email.gs.com; Morgan Stanley & Co. LLC,
Prospectus Department, 180 Varick Street, 2nd Floor, New York, New
York 10014; Robert W. Baird & Co. Incorporated, Attention:
Syndicate Department, 777 East Wisconsin Avenue, Milwaukee, WI
53202-5391, via telephone: 1-800-792-2473, or via email:
syndicate@rwbaird.com; or Credit Suisse Securities (USA) LLC,
Attention: Prospectus Department, One Madison Avenue, New York, New
York, 10010, via telephone: 1-800-221-1037, or via email
newyork.prospectus@credit-suisse.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About REV Group
REV Group is a leading designer, manufacturer and distributor of
specialty vehicles and related aftermarket parts and services. REV
Group serves a diversified customer base primarily in the United
States through three segments: Fire & Emergency, Commercial and
Recreation. REV Group provides customized vehicle solutions for
applications including: essential needs (ambulances, fire
apparatus, school buses, mobility vans and municipal transit
buses), industrial and commercial (terminal trucks, cut-away buses
and street sweepers) and consumer leisure (recreational vehicles
and luxury buses). REV Group’s brand portfolio consists of 29
well-established principal vehicle brands including many of the
most recognizable names within its served markets. Several of REV’s
brands pioneered their specialty vehicle product categories and
date back more than 50 years. Investors-REVG
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171012006508/en/
REV Group, Inc.Investor Relations Contact:Sandy Bugbee,
1-888-738-4037 (1-888-REVG-037)investors@revgroup.com
REV (NYSE:REVG)
Historical Stock Chart
From Mar 2024 to Apr 2024
REV (NYSE:REVG)
Historical Stock Chart
From Apr 2023 to Apr 2024