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home / news releases / DCO - Ducommun down 11% prices 2M share offering

DCO - Ducommun down 11% prices 2M share offering

Ducommun Incorporated

2023-05-16 02:55:11 ET

  • Ducommun ( NYSE: DCO ) prices 2M shares at $40.00 per share for net proceeds of ~$74.4M.
  • Underwriters have a 30-day option to purchase up to an additional 300K shares.
  • The closing is expected to occur on May 18, 2023.
  • Net proceeds will be used to repay indebtedness under its revolving credit facility that was used to finance its acquisition of BLR Aerospace L.L.C.
  • The stock price has tumbled 11% .

For further details see:

Ducommun down 11%, prices 2M share offering
Stock Information
Company Name: Ducommun Incorporated
Stock Symbol: DCO
Market: NYSE
Website: ducommun.com
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