REV Group, Inc. Announces Launch of Secondary Offering of Common Stock
13 März 2024 - 9:10PM
Business Wire
REV Group, Inc. (NYSE:REVG) (the “Company”) announced today the
launch of an underwritten secondary public offering of 7,395,191
shares of the Company’s common stock (the “Offering”) by American
Industrial Partners Capital Fund IV, LP and American Industrial
Partners Capital Fund IV (Parallel), LP (the “Selling
Stockholders”).
The Offering consists entirely of shares of the Company’s common
stock to be sold by the Selling Stockholders, and the Company will
not receive any proceeds from the sale of the shares being offered
by the Selling Stockholders. The proposed offering is subject to
market and other conditions, as well as customary closing
conditions.
Goldman Sachs & Co. LLC and Morgan Stanley are acting as
joint book-running managers for the Offering.
The underwriters intend to offer the shares of common stock to
the public at a fixed price, which may be changed at any time
without notice.
The Offering is being made pursuant to an effective shelf
registration statement on Form S-3 (Registration No. 333-276009),
which has been filed with the Securities and Exchange Commission
(“SEC”) and became effective on December 19, 2023. The Offering
will be made only by means of a prospectus supplement and the
accompanying base prospectus. You may get these documents for free,
including the prospectus supplement, once available, by visiting
EDGAR on the SEC website at www.sec.gov. Alternatively, copies of
the prospectus supplement, once available, and the accompanying
base prospectus may be obtained by contacting: Goldman Sachs &
Co. LLC, 200 West Street, New York, NY 10282-2198, Attention:
Prospectus Department, Telephone: 866-471-2526, Email:
Prospectus-ny@ny.email.gs.com or Morgan Stanley & Co. LLC, 180
Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus
Department.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About REV Group
REV Group (REVG) is a leading designer, manufacturer and
distributor of specialty vehicles and related aftermarket parts and
services. We serve a diversified customer base, primarily in the
United States, through two segments: Specialty Vehicles and
Recreational Vehicles. We provide customized vehicle solutions for
applications, including essential needs for public services
(ambulances, fire apparatus, and transit buses), commercial
infrastructure (terminal trucks and industrial sweepers) and
consumer leisure (recreational vehicles). Our diverse portfolio is
made up of well-established principal vehicle brands, including
many of the most recognizable names within their industry. Several
of our brands pioneered their specialty vehicle product categories
and date back more than 50 years. REV Group trades on the NYSE
under the symbol REVG.
Cautionary Statement on Forward-Looking Statements
This news release contains statements that the company believes
to be “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. This news release
includes statements that express our opinions, expectations,
beliefs, plans, objectives, assumptions or projections regarding
future events or future results and therefore are, or may be deemed
to be, “forward-looking statements.” These forward-looking
statements can generally be identified by the use of
forward-looking terminology, including the terms “believes,”
“estimates,” “anticipates,” “expects,” “strives,” “goal,” “seeks,”
“projects,” “intends,” “forecasts,” “outlook,” “guidance,” “plans,”
“may,” “will” or “should” or, in each case, their negative or other
variations or comparable terminology. They appear in a number of
places throughout this news release and include statements
regarding our intentions, beliefs, goals or current expectations
concerning, among other things, our results of operations,
financial condition, liquidity, prospects, growth, strategies and
the industries in which we operate, including REV Group’s outlook
for the full fiscal year 2024.
Our forward-looking statements are subject to risks and
uncertainties, including those highlighted under “Risk Factors” and
“Cautionary Statement on Forward-Looking Statements” in the
company’s annual report on Form 10-K, and in the company’s
subsequent quarterly reports on Form 10-Q, together with the
company’s other filings with the SEC, which risks and uncertainties
may cause actual results to differ materially from those projected
or implied by the forward-looking statement. Forward-looking
statements are based on current expectations and assumptions and
currently available data and are neither predictions nor guarantees
of future events or performance. You should not place undue
reliance on forward-looking statements, which only speak as of the
date hereof. The company does not undertake to update or revise any
forward-looking statements after they are made, whether as a result
of new information, future events, or otherwise.
Source: REV Group, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20240313045503/en/
REV Group, Inc. Drew Konop, 1-888-738-4037 (1-888-REVG-037)
investors@revgroup.com
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