MarineMax puts price on Brunswick-owned stock for sale
CLEARWATER, Fla. – MarineMax, Inc. (NYSE: HZO) has put a price on the public offering by MarineMax of 1,000,000 shares of its common stock and by a Brunswick Corp. subsidiary of 1,861,200 shares of common stock at $32.75 per share, the boat retailer reported in a recent statement.
The shares are being offered through J.P. Morgan Securities Inc. and Raymond James & Associates, Inc. MarineMax has granted the underwriters an option to purchase up to 429,000 additional shares from the company to cover over-allotments.
MarineMax said it intends to use the proceeds from the sale of shares by it for general corporate purposes, including the repayment of short-term indebtedness.
The selling stockholder is BCMM Holdings, Inc., a wholly owned subsidiary of Brunswick Corp., MarineMax’s largest supplier of recreational boats and yachts. MarineMax will not receive any of the proceeds from the sale of shares by the selling stockholder.
J.P. Morgan Securities Inc. and Raymond James Associates, Inc. are acting as joint book-running managers on this transaction. The public offering may be made only by means of a prospectus and related prospectus supplement, copies of which may be obtained from the offices of J.P. Morgan Securities Inc., Prospectus Department, One Chase Manhattan Plaza, Floor 5B, New York, NY 10081 (telephone no. 212-552-5164) or Raymond James & Associates, Inc., 880 Carillon Parkway, St. Petersburg, Florida 33716 (telephone no. 727-567-2586) and from the Securities and Exchange Commission’s Web site at www.sec.gov.
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