MCBC greenshoe exercised in $104.73 million initial public stock sale

Robert W. Baird, Raymond James and Wells Fargo were the bookrunners

By Devika Patel

Knoxville, Tenn., July 23 – MCBC Holdings, Inc. said the underwriters for its initial public offering of stock opted to exercise the deal’s $13.66 million secondary greenshoe in full, lifting total proceeds of the offering to $104.73 million. The deal was announced July 7 and priced for $91.07 million with the greenshoe on July 16.

The company sold 6,071,429 common shares and stockholders sold 910,714 shares that were part of the fully exercised greenshoe. The stock was sold at $15.00 per share.

Robert W. Baird & Co. Inc., Raymond James & Associates, Inc. and Wells Fargo Securities, LLC were the bookrunners.

Proceeds will be used to repay credit facility debt and for general corporate purposes.

The Vonore, Tenn., company makes sport boats. The company intends to list its common stock on the Nasdaq stock exchange under the symbol “MCFT.”

Issuer:	MCBC Holdings, Inc.
Issue:	Common stock
Amount:	$104,732,145, including $13,660,710 secondary greenshoe of 910,714 shares
Shares:	6,982,143
Price:	$15.00
Warrants:	No
Bookrunners:	Robert W. Baird & Co. Inc., Raymond James & Associates, Inc. and Wells Fargo Securities, LLC
Co-managers:	KeyBanc Capital Markets Inc. and Wunderlich Securities, Inc.
Announcement date:	July 7
Pricing date:	July 16
Settlement date:	July 22
Expected listing:	Nasdaq: MCFT

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