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Chewy | 8-K: Underwriting Agreement and Stock Repurchase Agreement

Chewy | 8-K: Underwriting Agreement and Stock Repurchase Agreement

Chewy | 8-K:承销协议和股票回购协议
美股SEC公告 ·  09/23 16:34

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On September 19, 2024, Chewy, Inc. entered into an Underwriting Agreement with Buddy Chester Sub LLC, affiliated with BC Partners, and Morgan Stanley & Co. LLC, for a secondary offering of 16,666,667 shares of Class A common stock at $30.00 per share. The Seller also granted a 30-day option for an additional 2,500,000 shares. Chewy did not sell any shares nor receive proceeds from this offering, which closed on September 23, 2024. Concurrently, Chewy repurchased $300 million worth of Class A common stock from the Seller, totaling 10,204,081 shares, which were then cancelled and retired. This repurchase was approved by a special committee of the Board of Directors and closed on the same day as the offering. The transactions were accompanied by customary legal agreements and indemnifications.
On September 19, 2024, Chewy, Inc. entered into an Underwriting Agreement with Buddy Chester Sub LLC, affiliated with BC Partners, and Morgan Stanley & Co. LLC, for a secondary offering of 16,666,667 shares of Class A common stock at $30.00 per share. The Seller also granted a 30-day option for an additional 2,500,000 shares. Chewy did not sell any shares nor receive proceeds from this offering, which closed on September 23, 2024. Concurrently, Chewy repurchased $300 million worth of Class A common stock from the Seller, totaling 10,204,081 shares, which were then cancelled and retired. This repurchase was approved by a special committee of the Board of Directors and closed on the same day as the offering. The transactions were accompanied by customary legal agreements and indemnifications.
2024年9月19日,chewy公司与Buddy Chester Sub LLC(与BC Partners有关)和摩根士丹利公司签订了一份承销协议,以每股30.00美元的价格进行第二次发行价值1,666,667股A类普通股。卖方还授予了额外2,500,000股的30天期权。Chewy没有卖出任何股份,也没有从这次发行中获得任何收益,该公司发行于2024年9月23日后结束。同时,Chewy从卖方再购入了价值3亿美元的A类普通股,共10,204,081股,随后予以注销。董事会特别委员会批准了这次回购,并在发行当天结束。这些交易附带了惯例的法律协议和赔偿。
2024年9月19日,chewy公司与Buddy Chester Sub LLC(与BC Partners有关)和摩根士丹利公司签订了一份承销协议,以每股30.00美元的价格进行第二次发行价值1,666,667股A类普通股。卖方还授予了额外2,500,000股的30天期权。Chewy没有卖出任何股份,也没有从这次发行中获得任何收益,该公司发行于2024年9月23日后结束。同时,Chewy从卖方再购入了价值3亿美元的A类普通股,共10,204,081股,随后予以注销。董事会特别委员会批准了这次回购,并在发行当天结束。这些交易附带了惯例的法律协议和赔偿。
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