Oshkosh Corporation (NYSE: OSK) today announced that it has successfully
priced its public offering of 13,000,000 shares of common stock at
$25.00 per share to the public. The company has also granted the
underwriters of the offering an option for 30 days to purchase up to
1,950,000 additional shares of common stock. These shares will be
offered on the same terms and conditions solely to cover
over-allotments, if any. The closing of the offering is subject to
customary closing conditions, and the shares are expected to be
delivered on August 12, 2009.
Assuming no exercise of the overallotment option, the company expects to
receive net proceeds from this offering of approximately $311.4 million
after deducting underwriting discounts and commissions and estimated
expenses of the offering. The company plans to use the net proceeds of
the offering to repay a portion of the term loan borrowings under its
credit agreement.
BofA Merrill Lynch, J.P. Morgan, and Goldman, Sachs & Co. are the joint
book-running managers for the offering.
The offering is being made only by means of a prospectus supplement and
accompanying prospectus. The company has filed a registration statement
(including a related prospectus and preliminary prospectus supplement)
with the Securities and Exchange Commission (the SEC) for the offering
to which this communication relates. Before you invest, you may obtain
more information about the Company and this offering by reading the
prospectus in that registration statement, the preliminary prospectus
supplement and other documents the company has filed or will file with
the SEC. You may get these documents for free by visiting EDGAR on the
SEC website at www.sec.gov.
Alternatively, copies may be obtained from BofA Merrill Lynch,
Attention: Prospectus Department, 4 World Financial Center, New York, NY
10080 (1-212-449-1000), from J.P.