other material
confidence high
sentiment neutral
materiality 0.70
CSW Industrials prices upsized 1.1M-share offering at $285, net $302.1M for debt paydown
CSW INDUSTRIALS, INC.
- Offering upsized to 1,100,000 shares at $285/share, gross proceeds ~$313.5M.
- Net proceeds estimated at ~$302.1M after underwriting discounts and expenses.
- Net proceeds to repay outstanding debt; remainder for general corporate purposes and potential acquisitions.
- Underwriters granted 30-day option to buy up to an additional 165,000 shares at same price.
- Offering expected to close on or about September 6, 2024.