Published: March 12, 2010
Generac Holdings Inc. Announces Exercise of Option to Purchase Additional Shares
WAUKESHA, Wis. - (BUSINESS WIRE) - Generac Holdings Inc. (NYSE: GNRC) today announced that the
underwriters of its initial public offering of 18,750,000 shares of
common stock, have exercised their option to purchase an additional
1,950,500 shares of common stock at the initial public offering price of
$13.00 per share. The closing of the option is expected to occur on
March 18, 2010, and will increase the aggregate number of shares sold in
the initial public offering to 20,700,500 and the number of shares
outstanding to 67,529,290.
Generac will receive approximately $23.8 million in net proceeds from
the sale of these additional shares. Generac intends to use these net
proceeds for general corporate purposes, including repayment of debt.
J.P. Morgan Securities Inc., Goldman, Sachs & Co., BofA Merrill Lynch
and Robert W. Baird & Co. Incorporated are the book running managers for
the offering. William Blair & Company, KeyBanc Capital Markets, and
Stephens Inc. are the co-managers for the offering. The offering of
these securities is being made only by means of a prospectus, copies of
which may be obtained from Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717 or Phone (631) 254-1735; Goldman,
Sachs & Co., Attn: Prospectus Department, 85 Broad Street, New York, NY
10004, Phone (866) 471-2526 or Prospectus-ny@ny.email.gs.com;
BofA Merrill Lynch, Attn: Preliminary Prospectus Department, 4 World
Financial Center, New York, NY 10080 or Prospectus.Request@ml.com;
or Robert W. Baird & Co. Incorporated, 777 East Wisconsin Avenue,
Milwaukee, WI 53202 or Phone (800) 792-2473.
A registration statement relating to these securities has been filed and
declared effective by the Securities and Exchange Commission. This press
release shall not constitute an offer to sell or a solicitation of an
offer to buy, nor shall there be any sale of these securities in any
state or jurisdiction in which such an offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities
laws of any such state or jurisdiction.
About Generac (NYSE: GNRC)
Since 1959, Generac has been a leading manufacturer of backup power
generation products serving residential, light commercial and industrial
markets. Generac's power systems range in output from 800 watts to 9
megawatts and are available through a broad network of independent
dealers, retailers and wholesalers.
For Investor Inquiries:
Generac Holdings Inc.
York Ragen,
Chief Financial Officer
262-506-6064
or
For Media
Inquiries:
Griffin & Company, Inc.
Kate Krejci
888-420-0256,
ext. 102
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