ATSG announces secondary public offering by selling shareholder

Eleanor Steed
By Eleanor Steed June 1, 2017 11:15

ATSG announces secondary public offering by selling shareholder

Air Transport Services Group (ATSG) has announced the pricing of an underwritten secondary offering by one of its existing stockholders of 3,806,374 shares of the company’s common stock. ATSG has agreed to repurchase from the underwriter 380,637 of such shares at a price per share equal to the price per share paid by the underwriter to the selling stockholder in the offering. The selling stockholder granted to the underwriter an option to purchase up to an additional 570,956 shares of the Company’s common stock. The selling stockholder will receive all of the net proceeds from the offering. No shares are being sold by ATSG in the offering. The offering is expected to close June 6, 2017, subject to customary closing conditions.

BofA Merrill Lynch is acting as underwriter for the offering.

Eleanor Steed
By Eleanor Steed June 1, 2017 11:15