Federal Signal Announces $75 Million Public Offering

Federal Signal Corporation, a leader in environmental, safety and transportation solutions, today announced it intends to offer approximately $75 million through an underwritten public offering of common stock, subject to market and other conditions.
In connection with the offering, Federal Signal also expects to grant the underwriters for the offering an option for 30 days to purchase up to an additional 15% of the offering amount of common stock to cover over-allotments, if any.

Net proceeds from the offering are expected to be used to repay indebtedness under Federal Signal's revolving credit facility associated with the recent acquisitions of Sirit and VESystems.

Citi is acting as sole book-running manager for the offering and as representative of the other underwriters.
The offering will be conducted as a public offering registered under the Securities Act of 1933 pursuant to a registration statement previously declared effective by the Securities and Exchange Commission ("SEC").

This offering will be made solely by means of a prospectus and prospectus supplement filed with the SEC. When available, copies of the prospectus and prospectus supplement may be obtained from Citi, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220 (telephone: (800) 831-9146).

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the common stock or any other securities of the Company. No offer, solicitation or sale shall be made in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

About Federal Signal

federal signal.jpgFederal Signal enhances the safety, security and well-being of communities and workplaces around the world. Founded in 1901, Federal Signal is a leading global designer and manufacturer of products and total solutions that serve municipal, governmental, industrial and transportation customers and markets. Headquartered in Oak Brook, IL, with manufacturing facilities worldwide, Federal Signal operates three groups: Safety and Security Systems, Environmental Solutions and Fire Rescue. The Company is creating a fourth group, Federal Signal Technologies.
  • Join our community for FREE today!

  • Create and share your own profile

  • Join the discussions

  • Publish your own items

  • Subscription to our Weekly eNewsletter

your benefits?

Get connected with parking professionals worldwide

Create your account

Sign in with LinkedIn Close

FREE membership benefits

  • * create and share your own profile
  • * join the discussions
  • * publish your own items on parking-net.commanage news, jobs, tenders, companies, events, showcases, educations, associations and literature.
  • * subscribe to our weekly eNewsletter
Add news yourself

Comments

There are no comments yet for this item

Join the discussion

You can only add a comment when you are logged in. Click here to login