Global Brass and Copper Holdings Prices 5M Share Secondary Offering at $16.50/Share
Global Brass and Copper Holdings, Inc. (NYSE: BRSS) (the “Company”)
today announced the pricing of a secondary public offering in the United
States of 5,000,000 shares of its common stock at a price of $16.50 per
share. The shares being offered are being sold by the Company's majority
stockholder, which is an affiliate of KPS Capital Partners, LP, and the
Company will not receive any of the proceeds of the offering. In
addition, the underwriters have the option to purchase from the selling
stockholder up to an additional 750,000 shares of common stock, on the
same terms and conditions.
Goldman, Sachs & Co., Morgan Stanley, William Blair and KeyBanc Capital
Markets are underwriters for the offering, with Goldman, Sachs & Co.