Oshkosh Corp., parent company of JLG Industries, has launched an offering of 13 million shares of its common stock in an underwritten public offering. The company intends to grant the underwriters an option for 30 days to purchase up to 1.9 million shares of common stock. The company plans to use the net proceeds of the offering to repay a portion of the term loan borrowings under its credit agreement.
Bank of America, Merrill Lynch, J.P. Morgan, and Goldman Sachs & Co. are the joint book-running managers for the offering.
The offering is being made by means of a prospectus only.
Oshkosh Corp. is based in Oshkosh, Wis.
