LATHAM, NY, January 06, 2022 (GLOBE NEWSWIRE) – Latham Group, Inc. (“Latham” or the “Company”) (Nasdaq: SWIM) today announced the price of a public offering of 12,000,000 d common shares at a public price of $ 19.50 per share. Latham also granted the underwriters a 30-day option to purchase up to 1,800,000 additional shares of its common shares at the offering price of 19.50 per share, less bought deal discounts and commissions. The offer is expected to close on January 11, 2022, subject to customary closing conditions.
Latham intends to use the net proceeds of the offering to purchase an equivalent number of common shares of certain shareholders, primarily its major shareholders, which are subsidiaries of Pamplona Capital Management, LLC and Wynnchurch Capital, LP, as well as a small percentage of the shares held by the directors and officers of the Company.
Barclays and BofA Securities are acting as principal bookkeepers and underwriters for the Offer. Morgan Stanley and Goldman Sachs & Co. LLC are acting as co-managers and Wolfe | Nomura Alliance, William Blair, Baird, KeyBanc Capital Markets and Truist Securities act as bookrunners for the offer.
This offer is being made only by means of a prospectus, copies of which can be obtained from any of the following sources: Barclays, c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, e-mail : barclaysprospectus @ broadridge .com, tel. : (888) 603-5847; or BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor Charlotte, NC 28255-0001 Attn: Prospectus Department, Email: dg.prospectus—firstname.lastname@example.org; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor New York, NY 10014; or Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, Tel. : 1-866-471-2526, Fax: 212-902-9316 or by sending an e-mail to Prospectusemail@example.com .com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any such securities, and there will be no sale of such securities in any state or jurisdiction where such an offer, solicitation or sale would be illegal before registration or qualification under the securities laws of any such state or jurisdiction.
Forward-looking statements This press release contains statements that constitute “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These statements are made using such words or phrases that “will” or “expect” and similar words and expressions from the future, including with regard to the use of the proceeds of the public offering. Forward-looking statements involve known and unknown risks, uncertainties and assumptions, including the risks described under “Risk Factors” in the preliminary prospectus and elsewhere in documents filed by the Company with the SEC, which may cause a difference. material between actual results and results expressed or implied by any forward-looking statement. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it cannot guarantee future results. The Company has no obligation, and undertakes no obligation, to update or revise any forward-looking statements made in this press release to reflect changes since the date of this press release, except as required by law requires it.
About Latham Group, Inc. Latham Group, Inc., headquartered in Latham, NY, is the largest designer, manufacturer and distributor of in-ground residential swimming pools in North America, Australia and New Zealand. Latham has a coast-to-coast operating platform of more than 2,000 employees in more than 30 facilities.
Investor contact: Nicole Briguet Edelman for Latham firstname.lastname@example.org 646-750-7235
Media contact: Crista Leigh Wunsch CristaLeighWunsch@lathampool.com 518-396-8576
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