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Alliance Laundry Announces Public Offering of Common Stock by Selling Stockholder

  • BDT Capital Partners & affiliated funds announced an underwritten public offering of 20,500,000 shares of Alliance Laundry Systems common stock.
  • The company intends to grant underwriters a 30-day option to purchase an additional 3,075,000 shares.
  • Alliance Laundry will not sell shares or receive proceeds from the offering, which is subject to market conditions.
  • The company plans to repurchase approximately $75 million worth of shares from the underwriters at the offering price, contingent on the offering's completion.
  • BofA Securities & J.P. Morgan are acting as joint book-running managers for the transaction.
  • No underwriting fees will be charged for the shares repurchased by the company.
  • A preliminary registration statement has been filed with the SEC but has not yet become effective.
  • Alliance Laundry operates globally with over 4,000 employees across 150 countries using brands including Speed Queen, UniMac, Huebsch, Primus, & IPSO.