CSW Industrials prices 1.1 million share offering at $285 per share
CSW Industrials agreed on September 4, 2024 to sell 1,100,000 new shares of common stock at $285 per share, for gross proceeds of about $313.5 million. The company estimates net proceeds of about $302.1 million and plans to use them mainly to repay outstanding debt, with the rest for general corporate purposes, including potential future acquisitions. The new shares increase the number of shares outstanding, which dilutes existing holders' ownership.
Key points
- Offering of 1,100,000 shares at $285 per share, up from an initially announced 1,000,000 shares
- Estimated net proceeds of about $302.1 million, after underwriting discounts and offering expenses
- Underwriters have a 30-day option to buy up to 165,000 additional shares
- Company and its executive officers and directors agreed to a 60-day lock-up on share sales; closing expected on or about September 6, 2024
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 06, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.