Leonardo DRS Announces Pricing Of Upsized Secondary Offering Of 18M Common Shares At $17.75/Share By Its Subsidiary Leonardo US Holding

Author: Benzinga Newsdesk | November 17, 2023 02:29am

Leonardo DRS, Inc. ("DRS") announced today the pricing of an upsized public secondary offering of 18,000,000 shares of its common stock at an offering price of $17.75 per share by Leonardo US Holding, LLC (the "Selling Stockholder"), a subsidiary of Leonardo S.p.A. The Selling Stockholder granted the underwriters a 30-day option to purchase up to an additional 2,700,000 shares of DRS's common stock from the Selling Stockholder at the public offering price, less underwriting discounts and commissions. The offering is expected to close on November 21, 2023, subject to customary closing conditions.

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