trending Market Intelligence /marketintelligence/en/news-insights/trending/6qdsXwWhNt9dMhImgMUlxA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Mesa Laboratories raises $90.6M in common stock offering

After Growing In 2019, Latam FTTP Market Might Slowdown In 2020 Due To COVID-19

COVID-19 Crisis: Legacy TV Universe Strategic Analysis

Another Outcome Of COVID-19: Olympics Postponed

OTT Winners, Losers In The Age Of COVID-19


Mesa Laboratories raises $90.6M in common stock offering

Mesa Laboratories Inc. raised gross proceeds of about $90.6 million from an offering of common shares.

Lakewood, Colo.-based Mesa Laboratories, which designs and manufactures quality control instruments and disposable products, sold 431,250 shares at $210 apiece. The share count includes the exercise in full of the underwriters' option to purchase 56,250 additional shares.

In addition, the company issued 1.375% convertible senior notes due 2025 to raise $172.5 million, including the full exercise by underwriters to purchase additional notes worth $22.5 million.

Net proceeds from the share offering is expected to be about $85 million, and around $167.2 million from the notes offering, after deducing underwriting discounts, commissions and other expenses.

Mesa Laboratories plans to use the funds to continue its acquisition strategy and for general corporate purposes.

Jefferies LLC and J.P. Morgan Securities LLC were the underwriters for the common stock and senior notes offerings. Evercore Group LLC and Wells Fargo Securities LLC served as book runners on the common stock and notes offerings, respectively, and Janney Montgomery Scott LLC was lead manager for the stock offering.