Kratos Defense (KTOS) Prices 11.67M Common Stock Offering at $6/Share

November 18, 2016 9:01 AM EST

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Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading national security solutions provider, announced today the pricing of an underwritten public offering of 11,670,000 shares of its common stock at a purchase price of $6.00 per share. In addition, Kratos has granted the underwriters a 30-day option to purchase up to 1,750,500 additional shares of common stock to cover over-allotments, if any. All of the shares in the offering are to be sold by Kratos. The offering is expected to close on or about November 23, 2016, subject to customary closing conditions.

Kratos expects to use the net proceeds from the offering for general corporate purposes, including funding expected growth and strategic investments in the Company’s high performance unmanned aerial vehicle business area and other new programs under contract and reducing overall Company indebtedness in order to facilitate Kratos’ long-term strategy.

Canaccord Genuity and B. Riley & Co. are acting as joint book-running managers for the offering. Noble Financial Capital Markets is acting as co-manager.



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