Deal Details

AZZ Completes $322 Million Follow-On Offering

Industrial

AZZ follow-on offering

Summary

AZZ Inc. (“AZZ” or the “Company”) (NYSE: AZZ) recently completed an underwritten public offering of 4,600,000 shares, including 600,000 shares sold pursuant to the full exercise of the underwriters’ option to purchase additional shares, at a public offering price of $70.00 per share, generating gross proceeds of $322.0 million. AZZ plans to use the net proceeds for the redemption of all or a portion of the Company's 6.0% Series A Convertible Preferred Stock and general corporate purposes.

Baird served as a bookrunner on this offering.

About

AZZ is the leading independent provider of hot-dip galvanizing and coil coating solutions to a broad range of end-markets. Collectively, AZZ’s business segments provide sustainable, unmatched metal coating solutions that enhance the longevity and appearance of buildings, products and infrastructure that are essential to everyday life. AZZ is headquartered in Fort Worth, Texas.

Industrial

AZZ follow-on offering