RC2 Corporation (NASDAQ:RCRC) announced today that it has commenced a
public offering of 3,000,000 shares of common stock. RC2 Corporation
will grant the underwriters in the offering an option to purchase up to
450,000 additional shares of common stock at the same price per share to
cover any over-allotments.
RC2 Corporation expects to use the net proceeds from the offering for
general corporate and working capital purposes, including the potential
repayment of long-term debt and the funding of future acquisitions.
Robert W. Baird & Co. will act as the lead underwriter for the offering.
BMO Capital Markets and Needham & Company will act as co-managers for
the offering. The offering is being made only by means of a prospectus
and related prospectus supplement, copies of which may be obtained from
the offices of Robert W. Baird & Co. Incorporated, 777 East Wisconsin
Avenue, 28th Floor, Milwaukee, Wisconsin 53202-5391, or by calling
1-800-792-2413. Electronic copies of the prospectus and the prospectus
supplement are available on the Securities and Exchange Commission’s Web
site at www.sec.gov.
The shares are being offered pursuant to an effective registration
statement. This press release does not constitute an offer to sell these
securities or a solicitation of an offer to buy these securities, nor
shall there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About RC2 Corporation
RC2 Corporation (NASDAQ: RCRC, www.rc2.com)
is a leading designer, producer and marketer of innovative, high-quality
toys, collectibles and infant products. RC2’s infant, toddler and
preschool products are marketed under its Learning Curve® (www.learningcurve.com)
family of brands which includes The First Years and Lamaze brands, as
well as popular and classic licensed properties such as Thomas &
Friends, Bob the Builder, Winnie the Pooh, John Deere,
and Sesame Street. RC2 markets its youth and adult products under
the Johnny Lightning (www.johnnylightning.com)
and ERTL® (www.ertl.com)
brands. RC2 reaches its target consumers through multiple channels of
distribution supporting more than 25,000 retail outlets throughout North
America, Europe, Australia and Asia Pacific.
RC2 Corporation
Curt Stoelting, CEO
Pete Nicholson, CFO
ph:
630-573-7200
