SEGUIN, Texas, Nov. 10, 2014 /PRNewswire/ -- Alamo Group Inc.
(NYSE: ALG) today announced the commencement of an underwritten
public offering of 1,722,270 shares of its common stock by existing
shareholder Capital Southwest Corporation and its wholly-owned
subsidiary Capital Southwest Venture Corporation. In
addition, the selling shareholders intend to grant the underwriters
a 30-day option to purchase up to an additional 258,340 shares of
common stock. Alamo will not
receive any proceeds from the sale of the shares in the
offering.
BofA Merrill Lynch, Evercore ISI and Piper Jaffray will serve as joint book-running
managers for the offering.
This announcement shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state. The shares are being
offered pursuant to an effective shelf registration statement on
Form S-3 that was previously filed with the Securities and Exchange
Commission. The offering will be made only by means of a
prospectus supplement and the accompanying prospectus, copies of
which may be obtained, when available, from BofA Merrill Lynch, at
222 Broadway, New York, NY 10038,
Attn: Prospectus Department or email
dg.prospectus_requests@baml.com; Evercore, at 55 East 52nd Street,
36th Floor, New York, NY 10055,
Attn: Evercore Prospectus Department - Equity Capital Markets or
email ecm@evercore.com; or Piper
Jaffray, at 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, Attn: Prospectus
Department or email prospectus@pjc.com.
About Alamo Group Inc.
Alamo Group Inc. is a leader in the design and manufacture of
quality agricultural and infrastructure maintenance equipment for
governmental and industrial use. Alamo manufactures a wide range of products,
including tractor-mounted mowing and other vegetation maintenance
equipment, street sweepers, excavators, vacuum trucks, snow removal
equipment, pothole patchers, zero turn radius mowers, agricultural
implements and related aftermarket parts.
Forward Looking Statements
This press release contains forward-looking statements under the
federal securities law. Forward-looking statements include
information concerning the proposed offering. These
statements often include words such as "believe," "expect,"
"anticipate," "intend," "plan," "estimate," "seek," "will," "may"
or similar expressions. Although we believe that the
expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee that we will effect this offering
or the terms upon which we will consummate the offering.
Accordingly, you should not place undue reliance on these
forward-looking statements. All such statements speak only as
of the date made, and we undertake no obligation to update or
revise publicly any forward-looking statements, whether as a result
of new information, future events or
otherwise.
SOURCE Alamo Group Inc.