Outdoor financials: Rocky wraps stock offering, plus Liberty Media
Rocky Brands closed a 1.8 million-share stock offering that netted it more than $14 million, and Liberty Media's tender offer raised $518 million.
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Rocky wraps stock offering
Rocky Brands (Nasdaq: RCKY) said it closed a 1.8 million-share stock offering that netted it more than $14 million.
The company said it would use the net proceeds from the offering for the repayment of long-term debt.
The underwriters in the offering hold an option to purchase up to 270,000 additional shares of common stock at $8.40 per share to cover any overallotments.
Robert W. Baird & Co. acted as sole book-running manager for the offering, while D.A. Davidson & Co. acted as co-manager for the offering.
Liberty Media’s tender offer raises $518 million
Liberty Media (Nasdaq: LCAPA, LINTA), parent of Backcountry.com, said it has received tenders of $518 million for its outstanding 5.70 percent senior notes due 2013.
Liberty commenced the tender offer in early May for up to $400 million aggregate principal amount of notes at a purchase price per $1,000 principal amount determined in a modified “Dutch auction.”
The tender offers represent approximately 64.6 percent of the outstanding principal amount of notes.
–Compiled by Wendy Geister
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