Marine Link
Wednesday, June 20, 2018

Malibu Boats Offers Two million Shares at $25.25/Share

Maritime Activity Reports, Inc.

August 9, 2017

Photo: Malibu Boats

Photo: Malibu Boats

 US manufacturer of recreational boats Malibu Boats has announced the pricing of the follow-on offering of 2,000,000 shares of the Company's Class A Common Stock at a price to the public of $25.25 per share.  

The offering is expected to close on or about August 14, 2017, subject to customary conditions.
The Company has granted the underwriters an option for a period of 30 days to purchase up to an additional 300,000 shares of the Company's Class A Common Stock. If exercised, all additional shares will be offered at the public offering price per share of Class A Common Stock in the offering.
The Company intends to use all of the net proceeds from this offering to repay amounts outstanding on the term loans of Malibu Boats, LLC, the Company's wholly owned subsidiary.
Raymond James, SunTrust Robinson Humphrey and Wells Fargo Securities acted as joint book-running managers for the offering.
A shelf registration statement relating to the Company's Class A Common Stock was previously filed by the Company with the Securities and Exchange Commission (the "SEC") and was declared effective on May 15, 2015.
Maritime Reporter Magazine Cover Jun 2018 - Green Marine Technology

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News