Pennant Group (PNTG) Announces 3.5M Share Public Offering of Common Stock
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The Pennant Group Announces Public Offering of Common Stock
September 30, 2024 4:03 PM EDTEAGLE, Idaho, Sept. 30, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG) (the Company) today announced that it has commenced an underwritten public offering of 3,500,000 shares of common stock of the Company. The Company intends to grant the underwriters a 30-day option to purchase up to 525,000 additional shares of common stock. The Company expects to use the net proceeds from the offering to repay outstanding indebtedness under the Companys revolving credit facility and any remaining for general corporate purposes.
Citigroup and Truist Securities are acting as the lead... More
