Oshkosh (OSK) To Offer 13M Shares

Oshkosh Corporation (NYSE: OSK) commenced an offering of 13,000,000 shares of its common stock in an underwritten public offering. The company intends to grant the underwriters of the offering an option for 30 days to purchase up to 1,950,000 additional shares of common stock to cover over-allotments, if any.

The company plans to use the net proceeds of the offering to repay a portion of the term loan borrowings under its credit agreement.

BofA Merrill Lynch, J.P. Morgan, and Goldman, Sachs & Co. are the joint book-running managers for the offering.