Actuant to repay outstanding term loan with common stock proceeds

By Sara Rosenberg

New York, June 22 - Actuant Corp. plans to repay its $114 million term loan in full using proceeds from an offering of class A common stock, according to a 424B3 filed with the Securities and Exchange Commission on Monday.

Remaining proceeds will be used for general corporate purposes.

Actuant is a Butler, Wis.-based manufacturer of industrial products and systems.

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