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Stock impact report

PGT Innovations Prices Public Offering of Its Common Stock

PGT Innovations, Inc. (PGTI) 
Last pgt innovations, inc. earnings: 2/25 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.pgtinnovations.com
Company Research Source: Business Wire
NORTH VENICE, Fla.--(BUSINESS WIRE)-- PGT Innovations (NYSE: PGTI), a national leader in the premium window and door category, today announced that it has priced its previously announced underwritten public offering of 7,000,000 shares of its common stock at a price to the public of $23.00 per share. PGTI has also granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares. The offering is expected to close on September 18, 2018, subject to the satisfaction of customary closing conditions. Gross proceeds from the offering are expected to be approximately $161 million before deducting underwriting discounts and commissions and estimated offering expenses. PGTI intends to apply the net proceeds from this offering to repay indebtedness under PGTI’s existing credit facility and intends to apply any net proceeds of the underwriters’ exercise of their option to purchase additional shar Show less Read more
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