ARC Group Worldwide adds bookrunner to sale of 3 million shares

Public deal finances debt repayment, conducted by Imperial and Brean Capital

By Devika Patel

Knoxville, Tenn., March 30 – ARC Group Worldwide, Inc. said on March 27 that Imperial Capital, LLC will also be a bookrunner for the company’s planned public offering of 3 million common shares with a greenshoe of 450,000 additional shares. The deal was announced Dec. 2.

Brean Capital is also a bookrunner, as the company reported in a December Form S-1.

Proceeds will be used to repay debt under the company’s credit facilities and for general corporate purposes, including working capital, product development, marketing, expanding the company’s internal sales organization and developing sales channels.

ARC Group Worldwide is a Deland, Fla.-based provider of advanced manufacturing and 3D printing solutions.

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