OSHKOSH, Wis. -- Oshkosh Corp. said it has successfully completed its previously announced public offering of 15 million shares of common stock at $25 per share to the public. The number of shares included the sale of 1.95 million shares pursuant to the exercise of the underwriters’ over-allotment option.
The company received approximately $358 million in proceeds from the offering, including proceeds as a result of the exercise of the underwriters’ over-allotment option and after deducting underwriting discounts and commissions and estimated expenses of the offering.
The company used the entire net proceeds of the offering to repay a portion of term loan borrowings under its credit agreement.
