Initial Public Offering Launched by Firefly Aerospace
Price Expected to be Between $35 and $39 Per Share
The roadshow for the proposed Firefly Aerospace initial public offering of 16,200,000 shares of its common stock has been launched. In addition, Firefly intends to grant the underwriters a 30-day option to purchase an additional 2,430,000 shares of its common stock at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected to be between $35.00 and $39.00 per share.
Firefly intends to use its net proceeds from this offering to repay outstanding borrowings under its credit agreement, pay any accrued and unpaid dividends on certain series of its preferred stock, and for general corporate purposes.
Firefly has applied to list its common stock on the Nasdaq Global Market under the ticker symbol “FLY.”
Goldman Sachs & Co. LLC, J.P. Morgan, Jefferies, and Wells Fargo Securities are acting as lead bookrunning managers for the proposed offering. Morgan Stanley, Deutsche Bank Securities, and Cantor are acting as joint bookrunners. Roth Capital Partners and Academy Securities will serve as co-managers.
The proposed offering is being made only by means of a prospectus. When available, a copy of the preliminary prospectus related to this proposed offering may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, by telephone at 1-866-471-2526, by facsimile at 212-902-9316 or by email; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717; Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, by telephone at (877) 821-7388 or by email; or Wells Fargo Securities, 90 South 7th Street, 5th Floor, Minneapolis, MN 55402, by telephone at 800-645-3751 (option #5) or by email.
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.