The Pennant Group Announces Pricing of Public Offering of Common Stock
The Pennant Group, Inc. (PNTG)
Last the pennant group, inc. earnings: 3/4 04:22 pm
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Source: GlobeNewswire
EAGLE, Idaho, Oct. 02, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG) (the “Company”) today announced the pricing of an underwritten public offering of 3,500,000 shares of its common stock at a public offering price of $31.00 per share. The gross proceeds from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be $108.5 million. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 525,000 shares of common stock. The Company expects to use the net proceeds from the offering to repay outstanding indebtedness under the Company’s revolving credit facility and any remaining for general corporate purposes. The offering is expected to close on or about October 4, 2024, subject to customary closing conditions. Citigroup and Truist Securities are acting as the lead book-running managers for the offering. Wells Fargo Securities and RBC Capital Markets are acting as join
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News
- We Think That There Are Issues Underlying Pennant Group's (NASDAQ:PNTG) Earnings [Yahoo! Finance]Yahoo! Finance
- Pennant Group to Participate in the 2024 Stephens Annual Investment ConferenceGlobeNewswire
- Pennant Group Inc (PNTG) Q3 2024 Earnings Call Highlights: Record Revenue and Strategic Growth ... [Yahoo! Finance]Yahoo! Finance
- The Pennant Group, Inc. (NASDAQ: PNTG) had its price target raised by analysts at Oppenheimer Holdings Inc. from $34.00 to $37.00. They now have an "outperform" rating on the stock.MarketBeat
- Pennant Reports Third Quarter 2024 ResultsGlobeNewswire
PNTG
Earnings
- 11/6/24 - Beat
PNTG
Sec Filings
- 11/14/24 - Form SC
- 11/7/24 - Form SC
- 11/7/24 - Form SC
- PNTG's page on the SEC website