Merit Medical Systems (MMSI) Commences Common Stock Offering
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Merit Medical Systems, Inc. (Nasdaq: MMSI) intends to offer shares of its common stock in a public offering. Piper Jaffray & Co. is acting as the sole manager for the offering.
Merit expects to use the net proceeds from the offering to partially repay debt under its existing credit facility, to expand manufacturing facilities, for potential strategic acquisitions, and general corporate purposes.
This offering, if commenced, will be made pursuant to a prospectus supplement to Merit's prospectus, dated December 30, 2010, filed as part of Merit's effective $150 million shelf registration statement.
Merit expects to use the net proceeds from the offering to partially repay debt under its existing credit facility, to expand manufacturing facilities, for potential strategic acquisitions, and general corporate purposes.
This offering, if commenced, will be made pursuant to a prospectus supplement to Merit's prospectus, dated December 30, 2010, filed as part of Merit's effective $150 million shelf registration statement.
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