Market Overview

PMFG Announces Follow-on Offering of 2,600,000 Shares of Common Stock


PMFG, Inc. (Nasdaq: 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.

Posted-In: News Offerings


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