other material
confidence high
sentiment neutral
materiality 0.70
AZZ Inc. announces public offering of 4.0M common shares to redeem preferred stock
AZZ INC
- AZZ is offering 4.0M shares of common stock in underwritten public offering; underwriters can buy up to an additional 15% over 30 days.
- Net proceeds to redeem all of the company's 6.0% Series A Convertible Preferred Stock.
- Evercore ISI and Jefferies act as joint lead book-running managers; Baird, Wells Fargo, Wolfe | Nomura Alliance as additional book-runners.
- Offering is made under effective shelf registration statement on Form S-3 (File No. 333-276450) declared effective Jan 10, 2024.