G-III Apparel Group, Ltd. has filed a registration statement with the Securities and Exchange Commission for a proposed offering of 4,000,000 shares of its common stock.
The company will offer 3,000,000 shares and selling stockholders will offer 1,000,000 shares and will also grant the underwriters a 30-day option to purchase up to an additional 600,000 shares for over-allotment purposes. G-III will not receive any proceeds from the sale of shares of common stock by the selling stockholders.
G-III intends to use the net proceeds from this offering to repay its outstanding term loan and for general corporate purposes.
Thomas Weisel Partners LLC, Cowen & Company and Brean Murray, Carret & Co. are acting as underwriters for the offering. When available, copies of the prospectus related to this offering may be obtained from:
