AMERICAN HOMESTAR CORPORATION FILES REGISTRATION STATEMENT FOR COMMON STOCK OFFERING.HOUSTON--(BUSINESS WIRE)--March 4, 1996--American Homestar Corporation (Nasdaq/NM:HSTR HSTR Harry S Truman National Historic Site (US National Park Service) HSTR High Speed Token Ring ) today announced that it has filed with the Securities and Exchange Commission a Registration Statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc an underwritten public offering of 1,500,000 shares of the Company's common stock. The managing underwriters of the offering are J.C. Bradford & Co. and Rauscher Pierce Refsnes, Inc. Of the shares of common stock being offered, 1,070,000 shares are being offered by the Company and 430,000 shares are being offered by certain shareholders of the Company. The purpose of the offering of shares by the Company is to fund its growth strategy. Pending the use of net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). for such purposes, the Company intends to use the net proceeds from this offering to reduce indebtedness under its floor plan credit facility. American Homestar produces manufactured homes from its three plants in the Dallas-Ft. Worth area and retails its products through 43 Company-owned and more than 100 independently-owned retail sales centers in Texas, New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). , Oklahoma, Louisiana, Colorado, Arkansas and Kansas. The Company also provides retail financing through its finance affiliate, 21st Century Mortgage Corporation, and provides transportation and insurance services to its customers. In addition, the Company recently announced that it has acquired an option to purchase Guerdon guer·don n. A reward; recompense. tr.v. guer·doned, guer·don·ing, guer·dons To reward. [Middle English, from Old French, from Medieval Latin Homes which, if exercised, will add four manufacturing plants, 165 independent dealers and new regional market areas in the Pacific Northwest, Mountain States The Mountain States (also known as the Mountain West) form one of the nine geographic divisions of the United States that are officially recognized by the United States Census Bureau. and Southeast. A Registration Statement relating to the securities has been filed with the Securities and Exchange Commission but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state or country in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of a written prospectus relating to the shares of common stock may be obtained from: J.C. Bradford & Co. 330 Commerce Street Nashville, Tennessee “Nashville” redirects here. For other uses, see Nashville (disambiguation). Nashville is the capital and the second most populous city of the U.S. state of Tennessee, after Memphis. 37201 (615) 748-9000 or Rauscher Pierce Refsnes, Inc. 2711 North Haskell Avenue, Suite 2400 Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. 75204 (214) 989-1000 CONTACT: American Homestar Corporation Craig Reynolds, 713/334-9702 |
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