Ichor Holdings prices $125M public offering of 3.33M shares at $37.50; net proceeds to repay debt

ICHOR HOLDINGS, LTD.

Offering of 3,333,334 ordinary shares priced at $37.50; underwriters have 30-day option for 500,000 additional shares.
Net proceeds of approximately $118.8 million after underwriting discount and estimated expenses.
Proceeds to repay outstanding revolving credit facility debt and for general corporate purposes.
Joint book-running managers: TD Cowen and Stifel; closing expected March 18, 2024.
Offering made under effective shelf registration statement on Form S-3ASR filed August 9, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ICHOR HOLDINGS, LTD. entered into Underwriting Agreement with Cowen and Company, LLC and Stifel, Nicolaus & Company, Incorporated, as the representatives for the underwriters valued at public offering price of $37.50 per share, less an underwriting discount of $1.5938 per share (effective 2024-03-13).

Action: entry
Agreement: underwriting
Counterparty: Cowen and Company, LLC and Stifel, Nicolaus & Company, Incorporated, as the representatives for the underwriters
Value: public offering price of $37.50 per share, less an underwriting discount of $1.5938 per share
Effective: 2024-03-13

Exact text from the filing

On March 13, 2024, Ichor Holdings, Ltd. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Cowen and Company, LLC and Stifel, Nicolaus & Company, Incorporated, as the representatives for the underwriters named in Schedule I thereto (the “Underwriters”), in connection with the offering of 3,333,334 shares of the Company’s ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), sold by the Company (the “Offering”) at a public offering price of $37.50 per share, less an underwriting discount of $1.5938 per share.

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ICHOR HOLDINGS, LTD. filing history →

Source: SEC EDGAR

accession 0001628280-24-011645

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