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Primo Water Announces Closing of Follow-On Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares

Primo Water Corporation (PRMW) 
Last primo water corporation earnings: 11/5 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.primowater.com
Company Research Source: GlobeNewswire
WINSTON-SALEM, N.C., May 22, 2018 (GLOBE NEWSWIRE) -- Primo Water Corporation (Nasdaq:PRMW) (“Primo” or “the Company”), the leading provider of multi-gallon purified bottled water, self-service refill water and water dispensers, today announced the closing of its underwritten follow-on public offering of 5,339,450 shares of its common stock at a price of $14.00 per share to the public, which included the exercise in full by the underwriters of their option to purchase 696,450 additional shares of Primo’s common stock on the same terms and conditions. All of the shares were offered and sold by Primo. Net proceeds to Primo after deducting the underwriting discounts and commissions and estimated offering expenses payable by Primo were approximately $70.8 million. Primo intends to use the net proceeds from the offering to pay down existing indebtedness. Upon completion of the offering, the Company intends to refinance its remaining outstanding senior indebtedness. There can be no assura Show less Read more
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