RC2 Corporation (NASDAQ:RCRC) announced today that it has completed its
previously announced public offering of common stock at a price of
$15.00 per share to the public. RC2 Corporation also announced that the
underwriters in the offering have exercised their option to purchase
additional shares to cover over-allotments in full, resulting in a total
sale to the public of 4,025,000 shares of common stock.
RC2 Corporation expects to receive net proceeds from the offering of
$57.1 million after deducting underwriting discounts and commissions and
estimated expenses of the offering. RC2 Corporation will 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. acted as the lead underwriter for the offering.
BMO Capital Markets and Needham & Company acted 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.
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.
Curt Stoelting
CEO
Pete Nicholson
CFO
ph:
630-573-7200
