Option Care Health (OPCH) Announces Proposed $350M Share Common Offering
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Option Care Health Announces Proposed Offering of $350 Million of Shares of Common Stock
July 20, 2020 4:05 PM EDTBANNOCKBURN, Ill., July 20, 2020 (GLOBE NEWSWIRE) -- Option Care Health, Inc. (Option Care Health or the Company) (NASDAQ: OPCH) announced today a proposed underwritten offering of $350 million of shares of its common stock, which includes $125 million of shares offered by the Company and $225 million of shares offered by an affiliate of Madison Dearborn Partners (the Selling Stockholder). In addition, the Selling Stockholder intends to grant the underwriters a 30-day option to purchase up to $52.5 million of additional shares of common stock.
The Company intends to use the net proceeds received by the Company from the... More
