06.08.2009

Oshkosh launches public offering

Oshkosh, owner of aerial lift and telehandler manufacturer JLG, is to sell up to 13 million new shares in an underwritten public offering.

The company intends to grant the underwriters of the offering an option for 30 days to purchase up to 1,950,000 additional shares of to cover over-allotments, if any.

The company will use the proceeds to repay a portion of the term loan borrowings under its credit agreement. The offering is only being made via a prospectus.