America's Car-Mart Prices Public Offering Of 1.7M Shares At $43 Per Share, With Option For Additional 255K Shares; Proceeds To Repay Credit Facilities And Fund Corporate Purposes
Portfolio Pulse from Benzinga Newsdesk
America's Car-Mart has announced a public offering of 1.7 million shares priced at $43 each, with an option to purchase an additional 255,000 shares. The proceeds will be used to repay credit facilities and fund corporate purposes.
September 19, 2024 | 12:41 pm
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America's Car-Mart is conducting a public offering of 1.7 million shares at $43 per share, with an option for an additional 255,000 shares. The funds will be used to repay credit facilities and for corporate purposes.
The public offering will increase the number of shares outstanding, which can dilute existing shareholders' value. However, the use of proceeds to repay credit facilities and fund corporate purposes is a positive move for the company's financial health.
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