Kratos Defense & Security Solutions US$300m share offering
Kratos sold US$300m of new shares to fund facilities, manufacturing capacity and capex on sole-source programmes, including its drone and hypersonic work.
- Company
- Kratos Defense & Security Solutions
- Type
- Equity raise
- Status
- Completed
- Date
- 27 Feb 2024
- Value
- US$300m
- Value basis
- 16,666,667 shares at US$18.00 (US$300m), with a 30-day option for 2,500,000 more
- Region
- US
- Segment
- Listed equity
Parties
Key terms
- Price
- US$18.00 a share
- Underwriters
- Baird, RBC Capital Markets and Truist Securities, with B. Riley, Raymond James, Benchmark and Noble
- Use of proceeds
- Facilities, manufacturing capacity, capex for sole-source and high-probability programmes, balance sheet
Sources
- Kratos prospectus supplement (Form 424B5): 16,666,667 shares of common stock sec.gov · 22 Feb 2024
Record DEF-INV-2024-0035. Investments are kept apart from the financings register and never counted in debt totals.
