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REV Group seeks $231 million to pay down debt

REV Group seeks $231 million to pay down debt

MILWAUKEE — Specialty vehicle maker Rev Group hopes to raise $231.4 million in its initial public offering and use the money to pay down long-term debt, Milwaukee Business News reported.

The company, which moved its headquarters to Milwaukee from Orlando last year, plans to offer 12.5 million shares of common stock in the offering and is expecting it to be priced between $19 and $21 per share, the publication explained.

The midpoint of that range would give the company $231.4 million in proceeds after expenses and underwriting discounts. A $1 per share change in the price would increase or decrease the proceeds by $11.7 million.

The full story is in Milwaukee Business News.

View the amended filing with the Securities Exchange Commission.

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About Greg Gerber

Greg Gerber is a freelance writer and podcaster who has been writing about the RV industry since 2000. He is the former editor of RV Daily Report.

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