K-Swiss Offers 1.3 Million Shares of Common Stock
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K-Swiss Inc., a Chatsworth athletic shoe company, said that 1.3 million shares of its Class A common stock are being offered for sale at $24.50 a share.
Of the total, 100,000 shares are being sold by the company, and 1.2 million are being sold by a group of stockholders.
The underwriters of the offering, Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Inc., have a 30-day option to buy up to an additional 15,000 shares from K-Swiss and 140,000 shares from the stockholder group.
K-Swiss said its proceeds from the stock sale would be used for general corporate purposes, initially to repay debt.
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