Ferro Corporation (FOE) Completes 41.1 Million Share Offering
More News related to FOE
- Exceed Company Ltd. to Appoint Additional Independent Director and Constitute Board Committees
- Ferro Corporation (FOE) Completes 41.1 Million Share Offering
- Ferro Announces Closing of Common Stock Offering
- Ferro Corp (FOE) Prices 35.75M Common Stock Offering at $5.60/Share
- Ferro Announces Pricing of Common Stock Offering
Ferro Corporation (NYSE: FOE) announced today that it has closed on its previously announced common stock offering. The total number of shares sold was 41,112,500, including 5,362,500 shares issued in connection with the exercise of the underwriters' over-allotment option to purchase additional shares.
Ferro intends to use up to $50 million of the net proceeds from the offering to pay the costs associated with its restructuring programs and strategic initiatives. Ferro will use the remaining net proceeds to reduce borrowings under its credit facility and pay fees and expenses in connection with the amendment and restatement of such facility.
[SM]
Related Categories
Equity OfferingsStocks Mentioned
-0.09Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
