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RBC Bearings Inc | 5.0% Ser A Mandatory Convertible Preferred Stock Due 10/15/2024 (RBCP)
Prospectus excerpt: We are offering 4,000,000 shares of our 5.00% Series A Mandatory Convertible Preferred Stock (our “mandatory convertible preferred stock”). In addition, we have granted the underwriters an option, which is exercisable within 30 days after the date of this prospectus supplement, to purchase up to an additional 600,000 shares of mandatory convertible preferred stock solely to cover over-allotments. Full Prospectus PDF », Secondary Prospectus PDF », RBC Page »
| Series: | A | | Redeemable?: | Yes | | Maturity Date: | 10/15/2024 | | Cumulative?: | Yes | | Conversion Ratio: | 0.4413 - 0.5405 | | Conversion Price: | $185.00 - $226.00 | | Shares Offered: | 4,000,000 | | Overallotment: | 600,000 | | Liquidation Preference: | $100.00 | | Recent Market Price: | $112.37 | Premium to Liquidation Preference:
(More Preferreds Trading at a Premium ») | $12.37 (12.37%) | | Annualized Dividend: | 5 | | Recent Ex-Date: | 3/28/2024 | | Current Yield: | 4.45% | | Original Coupon: | 5.00% | | Pay Period: | Quarterly | | Pay Dates: | 15-Jan, 15-Apr, 15-Jul, 15-Oct | | CDx3 Compliance Rating: |
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RBC Bearings is an international manufacturer and marketer of precision bearings, components and essential systems for the industrial, defense and aerospace industries. Co.'s Industrial segment manufactures bearings, gearing and engineered components for a range of industrial markets, including construction and mining, packaging and canning, material handling semiconductor machinery, wind, and the general industrial markets. Co.'s Aerospace/Defense segment supplies bearings and engineered components for use in commercial, private and military aircraft and aircraft engines, guided weaponry, space and satellites and vision and optical systems, and military marine and ground applications. Preferred: RBCP
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