Diversey Raises $225M Via Equity Offering

by Shivani Kumaresan, Benzinga Staff Writer

November 11, 2021 6:34 AM | 1 min read | Make a Comment

Diversey Holdings Ltd DSEY has priced the public follow-on offering of 15 million ordinary shares at $15.00 per share.
The offer price represented a 0.8% discount to the company’s closing price on November 10, 2021.
The company also granted the underwriters a 30-day option to purchase up to an additional 2.3 million shares.
Diversey intends to use the offering net proceeds for general corporate purposes, including capital expenditures and potential acquisitions.
The offering is expected to close on November 15, 2021.
Citigroup, Morgan Stanley, and J.P. Morgan are acting as lead book-running managers for the offering.
Price Action: DSEY shares closed higher by 2.79% at $15.12 on Wednesday.

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