MCBC Holdings Announces Pricing of Follow-on Offering


MCBC Holdings, Inc., the Vonore, Tennessee-based parent company of MasterCraft Boats, has announced the pricing of a secondary offering of 4,000,000 shares of its common stock held by affiliates of Wayzata Investment Partners at a public offering price of US $10.25 per share (the stock’s current 52-week low).

In addition, the selling stockholder has granted the underwriters a 30-day option to purchase up to 600,000 additional shares of the MCBC Holdings common stock at the public offering price, less the underwriting discount.

No shares are being sold by MCBC Holdings in the offering, and the company will not receive any proceeds from the sale of shares by the selling stockholder.

The closing for the offering is expected to occur on September 20, subject to the satisfaction of customary closing conditions.

Baird and Wells Fargo Securities are acting as joint book-running managers and representatives of the underwriters in the Offering. Raymond James is acting as a book-runner, and KeyBanc Capital Markets and B. Riley (RILY) are acting as co-managers.

A shelf registration statement (including a prospectus) relating to the offering was filed with the SEC on August 1, 2016 and became effective on August 10, 2016.