PMFG, Inc. PMFG today
announced a follow-on public offering of 2,600,000 shares of its common
stock. All shares will be offered by the Company. The Company intends to use
the net proceeds from the offering to repay all of its outstanding borrowings
under its senior term loan and for general corporate purposes, including
international expansion and strategic acquisitions.
Stifel, Nicolaus Weisel and William Blair & Company are acting as joint
book-running managers for the offering. JMP Securities and Needham & Company
are acting as co-managers for the offering. The underwriters will have an
option to purchase up to an additional 390,000 shares of common stock from the
Company.
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