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Wesco Aircraft Holdings, Inc. (NYSE: WAIR), a leading provider of comprehensive supply chain management services to the global aerospace industry, today announced the pricing by certain employees and former employees of the underwritten offering of 1,800,000 shares of its common stock at a price to the public of $13.65 per share. Settlement of the offering is expected to occur on October 3, 2012. The shares are being sold to cover a portion of the employees’ tax liability resulting from the scheduled delivery of 5,604,316 shares of common stock in the aggregate in satisfaction of the terms of certain restricted stock unit awards that were granted in 2006 in connection with the Company’s recapitalization with The Carlyle Group. The Company will also pay approximately $8.5 million in cash, in lieu of the delivery of 626,225 shares in the aggregate, in satisfaction of a portion of the restricted stock unit awards held by the employee stockholders pursuant to the terms of the applicable equity incentive plan. The Company will not sell any shares in the offering and will not receive any proceeds from the offering.
A resale registration statement relating to the shares is effective with the Securities and Exchange Commission. A prospectus relating to the offering has been filed with the Securities and Exchange Commission. Copies of the prospectus may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Email:
Barclaysprospectus@broadridge.com, (888) 603-5847.
Barclays acted as sole underwriter for the offering.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to any registration or qualification under the securities laws of such jurisdiction. Any offer of securities covered by the resale registration statement may be made solely by means of the prospectus included in the registration statement containing specific information about the terms of any such offering.