Watsco enters ATM equity sales agreement for up to $300M common stock

WATSCO INC

Agreement with Robert W. Baird & Co. for at-the-market issuance of up to $300M of common stock.
Agent commission of up to 2% of gross sales price; sales may be made on NYSE or via negotiated transactions.
Proceeds to be used for general corporate purposes, including acquisitions, debt repayment, capex, and working capital.
Company not obligated to sell any shares; Sales Agreement contains customary representations and indemnification.

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