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Article: Broadwind Energy Files Registration Statement for Common Share Offering.
- Article from:
- Business Wire
- Article date:
- October 30, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Net proceeds to repay portion of debt and fund general corporate purposes, including capital expenditures to grow services businesses
NAPERVILLE, Ill. -- Broadwind Energy, Inc. (NASDAQ: BWEN) today announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed public offering of 15,000,000 shares of its common stock. In this offering, Broadwind proposes to sell 10,000,000 shares and Tontine Capital Partners, L.P., and certain of its affiliated funds (Tontine), propose to sell 5,000,000 shares. The underwriters have the option to purchase from Tontine and Broadwind CEO, J. Cameron Drecoll, up to an additional ...