secwatch.observer — SEC 8-K summary
======================================

Issuer:     AZZ INC (AZZ)
CIK:        0000008947
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0001104659-24-052321
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AZZ Inc. prices 4M share public offering at $70/share; to redeem all Series A preferred for $309M
--------------------------------------------------------------------------------

- Gross proceeds of $280M from 4,000,000 shares at $70.00 per share; underwriters have 30-day option for additional 600,000 shares.
- Offering expected to close April 30, 2024; net proceeds to redeem all 240,000 shares of 6.00% Series A Convertible Preferred Stock.
- Series A Preferred Stock redeemed on May 9, 2024 for aggregate price of $308,920,000 in cash.
- Evercore and Jefferies are joint lead book-runners; Baird, Wells Fargo, and Wolfe|Nomura Alliance as additional book-runners.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8947/000110465924052321/0001104659-24-052321-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8947/000110465924052321/tm2412717d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-052321

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer