America's Car-Mart (CRMT) said Thursday it priced its public offering of 1.7 million common shares at $43 per share.
Underwriters have been granted a 30-day option to purchase up to 255,000 additional shares.
Net proceeds from the offering, which is expected to close around Friday, will be used to repay a portion of the balance on the company's revolving credit facilities, with the remaining proceeds to be used for general corporate purposes.
Shares of the company fell over 10% in recent trading activity.
Price: 44.60, Change: -5.36, Percent Change: -10.73
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