04/25/2024 | Press release | Distributed by Public on 04/25/2024 04:02
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Per Share
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Total
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Public offering price
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| | | $ | | | | | $ | | | ||
Underwriting discounts and commissions(1)
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Proceeds, before expenses, to us
|
| | | $ | | | | | $ | | | |
| Evercore ISI | | |
Jefferies
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|
|
Baird
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Wells Fargo Securities
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Wolfe | Nomura Alliance
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Roth Capital Partners
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ABOUT THIS PROSPECTUS SUPPLEMENT
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| | | | S-1 | | |
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FORWARD-LOOKING STATEMENTS
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| | | | S-2 | | |
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PROSPECTUS SUPPLEMENT SUMMARY
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| | | | S-3 | | |
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THE OFFERING
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| | | | S-4 | | |
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RISK FACTORS
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| | | | S-5 | | |
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USE OF PROCEEDS
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| | | | S-6 | | |
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DIVIDEND POLICY
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| | | | S-7 | | |
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CAPITALIZATION
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| | | | S-8 | | |
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MATERIAL U.S. TAX CONSIDERATIONS FOR NON-U.S. HOLDERS OF COMMON STOCK
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| | | | S-9 | | |
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UNDERWRITING
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| | | | S-13 | | |
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LEGAL MATTERS
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| | | | S-22 | | |
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EXPERTS
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| | | | S-23 | | |
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WHERE YOU CAN FIND MORE INFORMATION
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| | | | S-24 | | |
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INCORPORATION BY REFERENCE
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| | | | S-25 | | |
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ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
|
RISK FACTORS
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| | | | 2 | | |
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FORWARD-LOOKING STATEMENTS
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| | | | 3 | | |
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WHERE YOU CAN FIND MORE INFORMATION
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| | | | 4 | | |
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AZZ INC.
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| | | | 5 | | |
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USE OF PROCEEDS
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| | | | 6 | | |
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DESCRIPTION OF CAPITAL STOCK
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| | | | 7 | | |
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DESCRIPTION OF DEBT SECURITIES
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| | | | 12 | | |
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DESCRIPTION OF WARRANTS
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| | | | 18 | | |
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DESCRIPTION OF STOCK PURCHASE CONTRACTS AND STOCK PURCHASE UNITS
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| | | | 19 | | |
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BOOK-ENTRY ISSUANCE
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| | | | 20 | | |
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PLAN OF DISTRIBUTION
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| | | | 22 | | |
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LEGAL MATTERS
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| | | | 23 | | |
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EXPERTS
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| | | | 24 | | |
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As of February 29, 2024
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Actual
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As Adjusted
(unaudited) |
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As Further
Adjusted (unaudited) |
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(in thousands, except share data)
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Cash and cash equivalents
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| | | $ | 4,349 | | | | | $ | 321,571 | | | | | $ | 12,651 | | |
Long-term debt, net
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| | | | 952,742 | | | | | | 952,742 | | | | | | 952,742 | | |
Lease liability, long-term
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| | | | 17,827 | | | | | | 17,827 | | | | | | 17,827 | | |
Mezzanine Equity: | | | | | | | | | | | | | | | | | | | |
Series A Convertible Preferred Stock, par value $1 per share; 240,000 shares authorized, 240,000 shares issued and outstanding
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| | | | 233,722 | | | | | | 233,722 | | | | | | - | | |
Stockholders' Equity:
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| | | | | | | | | | | | | | | | | | |
Common Stock, $1 par value; 100,000,000 shares authorized; 25,102,000 shares issued and outstanding at February 29, 2024.
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| | | | 25,102 | | | | | | 29,102 | | | | | | 29,102 | | |
Capital in excess of par value
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| | | | 103,330 | | | | | | 416,552 | | | | | | 416,552 | | |
Retained earnings
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| | | | 576,231 | | | | | | 576,231 | | | | | | 501,033 | | |
Accumulated other comprehensive loss
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| | | | (3,894) | | | | | | (3,894) | | | | | | (3,894) | | |
Total capitalization
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| | | $ | 1,909,409 | | | | | $ | 2,543,853 | | | | | $ | 1,926,013 | | |
Underwriter
|
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Number of
Shares |
|
Evercore Group L.L.C.
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| | | |
Jefferies LLC
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| | | |
Robert W. Baird & Co. Incorporated
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Wells Fargo Securities, LLC
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Nomura Securities International, Inc.
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| | | |
WR Securities, LLC
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Roth Capital Partners, LLC
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Total
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Per Share
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| |
Total
Without Option Exercise |
| |
Total
With Full Option Exercise |
| |||||||||
Public offering price
|
| | | $ | | | | | $ | | | | | $ | | | |||
Underwriting discounts and commissions
|
| | | $ | | | | | $ | | | | | $ | | | |||
Proceeds, before expenses, to us
|
| | | $ | | | | | $ | | | | | $ | | | |
| | |
Page
No. |
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About This Prospectus
|
| | | | 1 | | |
Risk Factors
|
| | | | 2 | | |
Forward-Looking Statements
|
| | | | 3 | | |
Where You Can Find More Information
|
| | | | 4 | | |
AZZ Inc.
|
| | | | 5 | | |
Use of Proceeds
|
| | | | 6 | | |
Description of Capital Stock
|
| | | | 7 | | |
Description of the Debt Securities
|
| | | | 12 | | |
Description of Warrants
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| | | | 18 | | |
Description of Stock Purchase Contracts and Stock Purchase Units
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| | | | 19 | | |
Book-Entry Issuance
|
| | | | 20 | | |
Plan of Distribution
|
| | | | 22 | | |
Legal Matters
|
| | | | 23 | | |
Experts
|
| | | | 24 | | |