(Source: Business Wire)
Oshkosh Corporation (NYSE: OSK) today announced that it successfully completed its previously announced public offering of 14,950,000 shares of common stock at $25.00 per share to the public. The number of shares included the sale of 1,950,000 shares pursuant to the exercise of the underwriters' over-allotment option.
The company received approximately $358 million in proceeds from the offering, including proceeds as a result of the exercise of the underwriters' over-allotment option and after deducting underwriting discounts and commissions and estimated expenses of the offering. The company used the entire 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. were the joint book-running managers for the offering.
About Oshkosh Corporation
Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Corp. manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Medtec®, Jerr-Dan®, BAI, Oshkosh Specialty Vehicles, Frontline, SMIT, CON-E-CO®, London® and IMT®. Oshkosh products are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, log on to www.oshkoshcorporation.com.
®, All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.
Forward-looking Statements
This press release contains statements that the Company believes to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company's future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "project" or "plan" or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements.
