WESTPORT, Conn., Dec. 7, 2016 /PRNewswire/ -- Compass Diversified
Holdings (NYSE: CODI) ("CODI" or the "Company"), announced today it
has commenced a public offering of 5,600,000 common shares, with a
30-day option for the underwriters to purchase up to an additional
840,000 common shares. Net proceeds from the offering will be used
to repay a portion of the outstanding balance of CODI's revolving
credit facility.
BofA Merrill Lynch and UBS Investment Bank are
the lead book-running managers on the offering and Jefferies and Raymond James are also
book-running managers on the offering with William Blair, Janney
Montgomery Scott, and CJS Securities acting as co-managers.
A copy of the preliminary prospectus supplement relating to
the offering may be obtained from the following addresses:
BofA Merrill
Lynch
|
|
UBS Investment
Bank
|
NC1-004-03-43
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|
Attn: Prospectus
Department
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200 North College
Street, 3rd Floor
|
|
1285 Avenue of the
Americas
|
Charlotte, NC
28255-0001
|
|
New York, NY
10019
|
Email:
dg.prospectus_requests@baml.com
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|
|
|
|
|
Jefferies
|
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Raymond
James
|
Attn: Equity
Syndicate Prospectus Department
|
|
880 Carillon
Parkway
|
520 Madison Avenue,
2nd Floor
|
|
St. Petersburg,
Florida 33716
|
New York, New York
10022
|
|
|
You may also obtain these documents for free when they are
available by visiting EDGAR on the SEC web site at www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. The offering may be made
only by means of a prospectus and related prospectus supplement
meeting the requirements of Section 10 of the Securities Act of
1933, as amended. The offering will be made pursuant to an
effective shelf registration statement and prospectus filed by CODI
with the SEC.
About Compass Diversified Holdings ("CODI")
CODI owns
and manages a diverse family of established North American middle
market businesses. Each of its current subsidiaries is a leader in
its niche market.
CODI maintains controlling ownership interests in each of its
subsidiaries in order to maximize its ability to impact long term
cash flow generation and value. The Company provides both debt and
equity capital for its subsidiaries, contributing to their
financial and operating flexibility. CODI utilizes the cash flows
generated by its subsidiaries to invest in the long-term growth of
the Company and to make cash distributions to its shareholders.
Our eight majority-owned subsidiaries are engaged in the
following lines of business:
- The design and marketing of purpose-built tactical apparel and
gear serving a wide range of global customers (5.11);
- The manufacture of quick-turn, small-run and production rigid
printed circuit boards (Advanced Circuits);
- The manufacture of engineered magnetic solutions for a wide
range of specialty applications and end-markets (Arnold Magnetic
Technologies);
- Environmental services for a variety of contaminated materials
including soils, dredged material, hazardous waste and drill
cuttings (Clean Earth);
- The design and marketing of wearable baby carriers, strollers
and related products (ERGObaby);
- The design and manufacture of premium home and gun safes
(Liberty Safe);
- The manufacture and marketing of branded, hemp-based food
products (Manitoba Harvest); and
- The manufacture and marketing of portable food warming fuels
and creative ambience solutions for the hospitality and consumer
markets (Sterno Products).
In addition, we own approximately 14% of the common stock
of Fox Factory Holding Corp. ("FOX", Nasdaq: FOXF), a
former subsidiary business that completed its initial public
offering in August 2013. FOX designs and manufactures
high-performance suspension products primarily for mountain bikes,
side-by-side vehicles, on-road and off-road vehicles and trucks,
all-terrain vehicles, snowmobiles, specialty vehicles and
applications, and motorcycles.
This press release may contain certain forward-looking
statements, including statements with regard to the future
performance of CODI. Words such as "believes," "expects,"
"projects," and "future" or similar expressions, are intended to
identify forward-looking statements. These forward-looking
statements are subject to the inherent uncertainties in predicting
future results and conditions. Certain factors could cause actual
results to differ materially from those projected in these
forward-looking statements, and some of these factors are
enumerated in the risk factor discussion in the Form 10-K filed by
CODI with the SEC for the year ended December 31, 2015, as amended by the Form 8-K
filed on December 7, 2016 other
filings with the SEC. Except as required by law, CODI undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
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SOURCE Compass Diversified Holdings