Advanced Drainage Systems Announces Pricing of Upsized Common Stock Offering
Advanced Drainage Systems, Inc. (WMS)
Last advanced drainage systems, inc. earnings: 2/6 06:40 am
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Source: Business Wire
HILLIARD, Ohio--(BUSINESS WIRE)--Advanced Drainage Systems, Inc. (NYSE: WMS) (“ADS” or the “Company”), a leading global manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications, today announced it has upsized and priced its previously announced underwritten public offering (the “Offering”). ADS will sell 9,000,000 shares of its common stock at a public offering price of $29.75 per share. The gross proceeds to ADS from the offering are expected to be $267,750,000, before deducting the underwriting discounts and commissions and other offering expenses. ADS has granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of its common stock.The offering is expected to close on or about September 10, 2019, subject to satisfaction of customary closing conditions. ADS intends to use the net proceeds from this Offering for the repayment of a portion of the outstanding borrowings under it
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- Advanced Drainage Systems (NYSE:WMS) shareholder returns have been stellar, earning 253% in 5 years [Yahoo! Finance]Yahoo! Finance
WMS
Earnings
- 11/8/24 - Miss
WMS
Sec Filings
- 12/11/24 - Form 4
- 11/14/24 - Form SC
- 11/8/24 - Form 10-Q
- WMS's page on the SEC website