LINCOLNSHIRE, Ill. – Camping World Holdings, Inc. (NYSE:CWH) announced today the closing of the previously announced underwritten public offering of 14,634,146 shares of its Class A common stock at a public offering price of $20.50 per share pursuant to a registration statement filed on Form S-3 with the Securities and Exchange Commission.
Additionally, the company has granted the underwriters a 30-day option to purchase up to an aggregate of 2,195,121 additional shares of Class A common stock. The proceeds of the offering were used by Camping World to purchase 14,634,146 common units (or 16,829,267 common units if the underwriters exercise their option in full to purchase additional shares of Class A common stock) directly from CWGS Enterprises LLC at a price per unit equal to the public offering price per share of Class A common stock in the offering, less the underwriting discounts and commissions.
CWGS LLC intends to use the net proceeds from the sale of common units to Camping World for general corporate purposes, including strengthening the balance sheet, working capital for growth and debt pay down.
Goldman Sachs & Co. LLC and J.P. Morgan served as joint lead book-running managers and as representatives of the underwriters for the offering. BofA Securities, Wells Fargo Securities, KeyBanc Capital Markets, BMO Capital Markets and Baird also acted as joint book-running managers for the offering.
The offering was made pursuant to a shelf registration statement on Form S-3 that was filed with the SEC on Oct. 30 and was effective upon filing. The offering was made only by means of a written prospectus supplement and the accompanying base prospectus that forms a part of the registration statement.
A copy of the final prospectus supplement is available on the SEC’s website at www.sec.gov or may also be obtained from any of the following sources:
- Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 866-471-2526 or by email at [email protected] ; or
- J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at [email protected] and [email protected].
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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