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G-III Apparel commences public offering of 1.5mn shares
24
Jun '14
G-III Apparel Group, Ltd. announced that it is offering to sell 1,500,000 shares of its common stock in an underwritten public offering. The underwriters will have a 30-day option to purchase up to an additional 225,000 shares of common stock from G-III. 
 
G-III intends to use the proceeds of the offering for general corporate purposes, which may include acquisitions. Pending application of the funds, G-III intends to pay down outstanding debt under its credit agreement and invest the balance of the net proceeds in short-term, investment grade securities. 
 
Barclays Capital Inc. and Piper Jaffray & Co. are acting as bookrunning managers for the offering. Barclays Capital Inc. will serve as the sole representative of the underwriters for the offering. KeyBanc Capital Markets Inc., Brean Capital, LLC, Cowen and Company, LLC and Stephens Inc. will serve as co-managers for the offering. 
 
About G-III Apparel Group, Ltd. 
G-III designs, manufactures and markets an extensive range of apparel, including outerwear, dresses, sportswear, swimwear, women's suits and women's performance wear, as well as footwear, luggage and women's handbags, small leather goods and cold weather accessories. It sells its products under its own proprietary brands, licensed brands and private retail labels. 
 

G-III Apparel Group

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