VSE completes full underwriter overallotment, raising ~$129.6M from stock offering to repay debt

VSE CORP

Total of 2,846,250 shares issued and sold at $48.50 per share, net proceeds ~$129.6M.
Underwriters fully exercised overallotment on July 28 for 371,250 additional shares.
Overallotment net proceeds of ~$16.9M, after underwriting discounts and commissions.
Company intends to use substantially all net proceeds to repay revolver borrowings and for general corporate purposes.

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