05:57 AM EDT, 04/26/2024 (MT Newswires) -- AZZ (AZZ) said late Thursday it priced a public offering of 4 million shares at $70 apiece, targeting gross proceeds of $280 million.

The company said it granted underwriters an option for 30 days to purchase up to an additional 15% of the shares sold in the offering.

AZZ is selling all of the shares in the offering, which will likely close on April 30.

The company said it plans to use the net proceeds for the redemption of its 6.0% series A convertible preferred stock and for general corporate purposes.