Alliance Laundry Announces Pricing of Upsized Public Offering of Common Stock by Selling Stockholder
Alliance Laundry Announces Pricing of Upsized Public Offering of Common Stock by Selling Stockholder
Alliance Laundry Systems (NYSE: ALH) (“Alliance Laundry” or the “Company”), the global leader in commercial laundry equipment, today announced the pricing of its upsized underwritten public offering (the “Offering”) of 22,550,000 shares of its common stock by its principal stockholder, BDT Capital Partners, LLC and its affiliated investment funds (collectively, the “selling stockholder”) at an offering price of $23.50 per share. The selling stockholder, an affiliate of BDT & MSD Partners, has granted the underwriters a 30-day option to purchase up to an additional 3,382,500 shares of the Company’s common stock. Alliance Laundry will not sell any shares of its common stock in the Offering and will not receive any proceeds from the sale of the shares of its common stock being offered by the selling stockholder.
Get started
Create a free account to read the full story.
