BELMONT HOMES, INC. COMPLETES PUBLIC OFFERING OF COMMON STOCK.BELMONT, Miss.--(BUSINESS WIRE)--Jan. 26, 1996--Belmont Homes, Inc. (Nasdaq/NM:BHIX BHIX Brooklyn Health Information Exchange (New York) ) announced today that it has completed its public offering of 1,630,000 shares of Common Stock at $16.00 per share, including 830,000 shares offered by certain selling shareholders. The offering was managed by Rauscher Pierce Refsnes, Inc. and Equitable Securities Corporation. The 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). to Belmont Homes of approximately $11.8 million will be used to retire indebtedness and for working capital purposes. Belmont's Common Stock is traded on The Nasdaq National Market under the symbol BHIX. Belmont Homes, Inc. markets a variety of single- and double-section manufactured homes through approximately 290 dealers and 400 sales centers, located primarily in the southern United States The Southern United States—commonly referred to as the American South, Dixie, or simply the South—constitutes a large distinctive region in the southeastern and south-central United States. . The Company manufactures its homes in seven production facilities, five of which are located in Mississippi and two in Arkansas. A copy of the prospectus may be obtained from the co-managers: Rauscher Pierce Refsnes, Inc., Cityplace, 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. 75204-2936; or from Equitable Securities Corp., 800 Nashville City Center, 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. 37219. CONTACT: Belmont Homes, Inc., Belmont William Kunkel, 601/454-9217 |
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