BLOOMFIELD HILLS, Mich. — TriMas Corporation announced Monday that it has closed its previously announced public offering of 5,175,000 shares of its common stock (which includes 675,000 shares issued pursuant to the underwriters’ exercise of their option to purchase additional shares). TriMas received net proceeds from this offering of approximately $174.6 million after deducting underwriters’ discounts and commissions and estimated offering expenses. TriMas expects to use its proceeds from the sale of the common stock for general corporate purposes.
Deutsche Bank Securities and J.P. Morgan acted as joint bookrunners for the offering. BofA Merrill Lynch, Goldman, Sachs & Co. and Wells Fargo Securities also acted as joint bookrunners for the offering. KeyBanc Capital Markets, Barrington Research, Roth Capital Partners and Sidoti & Company, LLC acted as the co-managers for the offering.
The public offering was being made only by means of a prospectus and related prospectus supplement, copies of which may be obtained from either: Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, New York 10005-2836, telephone: 800.503.4611, or by emailing: prospectus.CPDG@db.com; or J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717-8309, telephone: 866.803.9204.
The common stock was offered pursuant to an effective registration statement filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
SOURCE: TriMas Corporation press release