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Reported Earlier, VSE Prices Public Offering Of 2,112,676 Common Stock At $71/share

Author: Benzinga Newsdesk | May 15, 2024 02:18am

Net proceeds from the offering are expected to be approximately $141.0 million after deducting underwriting discounts and commissions and before estimated offering expenses. VSE expects to use substantially all of the net proceeds from this offering to repay outstanding borrowings under its revolving loan facility, including borrowings to fund its acquisition of Turbine Controls, Inc., to support potential future strategic acquisitions and for general corporate purposes.

Posted In: VSEC