Business
VSE Corporation Prices Public Offering of Common Stock
MIRAMAR, Fla.--(BUSINESS WIRE)-- VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aviation aftermarket distribution and repair
About this update from Vse Corporation
[{"type":"text","content":" MIRAMAR, Fla.--(BUSINESS WIRE)--\nVSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aviation aftermarket distribution and repair services, announced today that it has priced its previously announced underwritten public offering. The Company is offering 2,352,941 shares of its common stock at a price to the public of $170.00 per share. VSE has also granted the underwriters a 30-day option to purchase up to an additional 352,941 shares of common stock. The offering is expected to close on October 29, 2025, subject to the satisfaction of customary closing conditions.\n\n\nNet proceeds from the offering are expected to be approximately $384.0 million after deducting underwriting discounts and commissions and before estimated offering expenses. VSE intends to use the net proceeds from this offering to fund all or a portion of the cash consideration for its previously announced acquisition of GenNx/AeroRepair IntermediateCo Inc. (“Aero 3”), to support potential future strategic acquisitions, and for general corporate purposes.\n\n\nJefferies and Morgan Stanley are acting as joint lead book-running managers and representatives of the underwriters for the offering. RBC Capital Markets and William Blair are serving as joint book-runners for the offering. Truist Securities, B. Riley Securities and Stifel are serving as additional book-runners for the offering. KeyBanc Capital Markets, Benchmark, a StoneX Company and Jones are serving as co-managers for the offering.\n\n\nAn automatically effective shelf registration statement relating to the securities being offered has been filed with the Securities and Exchange Commission (the “SEC”). The offering is being made only by means of a preliminary prospectus supplement and accompanying prospectus. A preliminary prospectus supplement and accompanying prospectus relating to the offering have been filed with the SEC and are available free of charge on the SEC’s website at http://www.sec.gov. The final prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and may also be obtained, when available, from Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, by telephone at (877) 821-7388 or by email at [email protected], or from Morgan Stanley & Co. LLC...