Evoqua Water (AQUA) Prices 13M Share Secondary Offering at $19.50/Sh

Evoqua Water Technologies Corp. (NYSE: AQUA) today announced the pricing of a secondary public offering of 13 million shares of its common stock by certain shareholders of the company, including certain affiliates of AEA Investors LP (collectively, the “Selling Shareholders”) at a public offering price of $19.50 per share. Additionally, in connection with the offering, the Selling Shareholders have granted to the underwriters a 30-day option to purchase up to 1.95 million additional shares of common stock. The offering is expected to close on March 10, 2020, subject to the satisfaction of customary closing conditions.

The company is not selling any shares in the offering and will not receive any proceeds from the sale of shares being sold by the Selling Shareholders in the offering.

Credit Suisse, RBC Capital Markets and J.P. Morgan are acting as joint lead book-running managers in the offering. Citigroup, Goldman Sachs & Co. LLC and Baird are also acting as joint book-running managers in the offering. Morgan Stanley, Raymond James, Stifel and Cowen are acting as co-managers in the offering.

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