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TinyGemsBreaks – AZZ Inc. (NYSE: AZZ) Closes on Common Stock Public Offering, Including Underwriters’ Option

AZZ (NYSE: AZZ), the leading independent provider of hot-dip galvanizing and coil-coating solutions, has closed on its underwritten public offering. The offering consists of 4,600,000 shares of common stock along with the full exercise of the underwriters’ option, which included the purchase of up to 600,000 additional shares of common stock. The shares were offered at a price per share of $70 resulting in gross proceeds of $322 million for the company, before standard deductions, commissions and fees were paid. AZZ anticipates using the funds from the offering for the redemption of all or a portion of the company’s 6.0% Series A Convertible Preferred Stock. Evercore ISI and Jefferies acted as joint lead book-running managers. 

To view the full press release, visit https://ibn.fm/lRmnz

About AZZ Inc.

AZZ is the leading independent provider of hot-dip galvanizing and coil coating solutions to a broad range of end markets. Collectively, the business segments provide sustainable, unmatched metal coating solutions that enhance the longevity and appearance of buildings, products and infrastructure that are essential to everyday life. For more information about the company, please visit www.AZZ.com.

About TinyGems

TinyGems is a specialized communications platform with a focus on innovative small-cap and mid-cap companies with bright futures and huge potential. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, TinyGems is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, TinyGems brings its clients unparalleled recognition and brand awareness. TinyGems is where breaking news, insightful content and actionable information converge.

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For more information, please visit https://www.TinyGems.com

Please see full terms of use and disclaimers on the TinyGems website applicable to all content provided by TinyGems, wherever published or re-published: https://www.TinyGems.com/Disclaimer

TinyGems
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