Aftermarket Technology Corp. Files For Primary And Secondary Stock Offerings.(Brief Article)

Aftermarket Technology Group, which remanufactures auto engines filed a registration statement with the Securities and Exchange Commission for a proposed public offering totaling 6,000,000 shares of its common stock.

Of the shares to be sold, 2,400,000 shares will be offered by the company and 3,600,000 shares will be offered by certain stockholders.

In addition, the selling stockholders propose to grant to the underwriters an option to purchase up to 900,000 additional shares of common stock for the purpose of covering over allotments, if any.

The company said it expects to use the net proceeds from the sale of shares by the company to purchase or redeem a portion of the Company's 12% Senior Subordinated Notes due 2004.

Print Get the Mag Weekly Updates