{"id":761659,"date":"2023-06-05T16:03:01","date_gmt":"2023-06-05T20:03:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-bird-announces-launch-of-secondary-public-offering\/"},"modified":"2023-06-05T16:03:01","modified_gmt":"2023-06-05T20:03:01","slug":"blue-bird-announces-launch-of-secondary-public-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-bird-announces-launch-of-secondary-public-offering\/","title":{"rendered":"Blue Bird Announces Launch of Secondary Public Offering"},"content":{"rendered":"

<\/p>\n

Blue Bird Announces Launch of Secondary Public Offering<\/b><\/p>\n

MACON, Ga.–(BUSINESS WIRE<\/a>)–
\nBlue Bird Corporation (\u201cBlue Bird\u201d or the \u201cCompany\u201d) (Nasdaq: BLBD), a leader in electric and low-emission school buses, announced today that affiliates of Coliseum Capital Management LLC and American Securities LLC (the \u201cSelling Stockholders\u201d) intend to offer 5,000,000 shares of Blue Bird\u2019s common stock, par value $0.0001 per share (the \u201cCommon Stock\u201d), pursuant to a shelf registration statement filed with the Securities and Exchange Commission (the \u201cSEC\u201d). The Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 750,000 shares of Common Stock at the public offering price, less underwriting discounts and commissions.<\/p>\n

\nThe offering consists entirely of secondary shares to be sold by the Selling Stockholders. The Selling Stockholders will receive all of the proceeds from the offering. The Company is not selling any shares of Common Stock in the offering and will not receive any proceeds from the offering.<\/p>\n

\nBofA Securities and Barclays are acting as joint lead book-running managers for the offering and as representatives of the underwriters. Jefferies, BMO Capital Markets and Piper Sandler will also act as joint book-running managers for the proposed offering.<\/p>\n

\nThe offering is being made pursuant to an effective shelf registration statement (including a prospectus) filed by Blue Bird with the SEC on December 21, 2021 which became effective January 5, 2022 to which this communication relates. Before you invest, you should read the prospectus in the shelf registration statement and the documents incorporated by reference in that registration statement as well as the prospectus supplement and the documents incorporated by reference therein related to this offering. The offering will be made only by means of the prospectus and the related prospectus supplement. A copy of the prospectus and the related prospectus supplement relating to the offering may be obtained, when available, by visiting the SEC\u2019s website at www.sec.gov<\/a>. Copies of the prospectus and the related prospectus supplement for the offering may also be obtained, when available, by contacting BofA Securities, Inc., Attn: Prospectus Department, NC1-022-02-25, 201 North Tryon, Charlotte, NC 28255-0001, e-mail: dg.prospectus_requests@bofa.com<\/a>, telephone: 800-294-1322 or Barclays Capital Inc., c\/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, e-mail: barclaysprospectus@broadridge.com<\/a>, telephone: 888-603-5847.<\/p>\n

\nThis press release does 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 offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.<\/p>\n

About Blue Bird Corporation<\/span><\/b><\/p>\n

\nBlue Bird (NASDAQ: BLBD) is recognized as a technology leader and innovator of school buses since its founding in 1927. Blue Bird\u2019s dedicated team members design, engineer and manufacture school buses with a singular focus on safety, reliability, and durability. The company is the market leader in low- and zero-emission school buses with more than 20,000 propane, natural gas, and electric powered buses in operation today.<\/p>\n

Forward-Looking Statements<\/span><\/b><\/p>\n

\nThis press release includes forward-looking statements within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to expectations for future financial performance, business strategies or expectations for our business. Specifically, forward-looking statements include may include statements relating to:<\/p>\n