Malibu Boats Announces Public Offering Of 4 Mln Shares - Quick Facts

(RTTNews) - Malibu Boats Inc. (MBUU), designer, manufacturer and marketer of performance sport boats, announced that it and certain selling stockholders intend to offer 4 million shares of its Class A Common Stock. The Public Offering consists of 3,195,887 shares to be offered by the Company and 804,113 shares to be offered by the Selling Stockholders.

Malibu Boats and the Selling Stockholders have granted the underwriters an option for a period of 30 days to purchase up to an additional 478,894 shares and 121,106 shares, respectively, of Class A Common Stock to cover over-allotments. If exercised, all additional shares will be offered at the public offering price per share of Class A Common Stock in this offering.

The company noted that it plans to use all of the net proceeds from this offering and the underwriters' over-allotment option, if exercised, to purchase units of Malibu Boats Holdings, LLC from the owners of membership interests in the LLC at a purchase price per unit equal to the public offering price per share of Class A Common Stock in this offering, after deducting underwriting discounts and commissions.

Raymond James and Wells Fargo Securities are acting as joint book-running managers for the offering. SunTrust Robinson Humphrey and BMO Capital Markets are acting as co-managers.