Ducommun Inc. (DCO) to offer 2 million shares

Ducommun Incorporated (NYSE: DCO) announced it has launched an underwritten public offering of 2,000,000 shares of its common stock (the “Offering”). In addition, Ducommun expects to grant the underwriters a 30-day option to purchase up to an additional 300,000 shares of its common stock.

Ducommun intends to use the net proceeds from the Offering to repay indebtedness under its revolving credit facility that was used to finance its acquisition of BLR Aerospace L.L.C.

Goldman Sachs & Co. LLC, Citigroup, RBC Capital Markets, LLC and B. Riley Securities are acting as joint book-running managers and representatives of the underwriters for the Offering.

You May Also Be Interested In

• Jefferies: Investment banking fees down 15% for major global banks
• Citizens Reiterates Market Perform Rating on c3.ai (AI)
• Citi raises Broadcom price target to $515 amid AI outlook