RC2 raises funds - ToyNews

RC2 raises funds

RC2 plans to sell 3.5 million shares of its common stock in an offering.
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The company expects to raise approximately $49.6 million after deducting underwriting discounts, commissions and estimated expenses.

RC2 will use the net proceeds for general corporate and working capital purposes, including the potential repayment of long-term debt and the funding of future acquisitions.

Underwriters in the offering have been given an option to purchase up to 525,000 additional shares of common stock at the same price per share to cover any over-allotments.

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