AZZ closes $322M common stock offering; proceeds to redeem preferred shares

AZZ INC

Closed public offering of 4,600,000 shares at $70.00 per share, including full exercise of underwriters' option for 600,000 additional shares.
Gross proceeds of $322 million before underwriting discounts and expenses.
Net proceeds to be used to redeem all or part of its 6.0% Series A Convertible Preferred Stock.
Evercore ISI and Jefferies acted as joint lead book-running managers; Baird, Wells Fargo Securities, and Wolfe | Nomura Alliance as additional book-runners.

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