Clarus Corporation announces $69.8M public offering of 2.75M shares at $27.00; proceeds to repay $65M credit facility.

Clarus Corp

Underwriting agreement for 2,750,000 shares at $27.00/share; net proceeds ~$69.8M after 6% underwriting discount.
Approximately $65M of proceeds to repay revolving loan facility; balance for general corporate purposes including acquisitions.
Underwriters granted a 30-day option to purchase up to 412,500 additional shares on same terms.
Offering closed October 29, 2021; BofA Securities acted as representative of the underwriters.

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