Ducommun Inc. (DCO) to offer 2 million shares
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Ducommun Announces Public Offering of Common Stock
May 15, 2023 4:15 PM EDTSANTA ANA, Calif., May 15, 2023 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (Ducommun or the Company) today 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.
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