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| SMP > SEC Filings for SMP > Form 8-K on 30-Oct-2009 | All Recent SEC Filings |
30-Oct-2009
Other Events, Financial Statements and Exhibits
On October 30, 2009, Standard Motor Products, Inc. (the "Company") issued a press release announcing the pricing of an underwritten public offering of 3,000,000 shares of its common stock, at an offering price of $8.50 per share. In connection with this offering, the Company has granted the underwriters a 30-day option to purchase up to 450,000 additional shares. Goldman, Sachs & Co. is serving as the sole book-runner, with BB&T Capital Markets as a co-manager for the offering. The offering is expected to close on November 4, 2009, subject to customary closing conditions.
The Company intends to use the net proceeds from the offering to repay a portion of its outstanding indebtedness under its revolving credit facility. The Company then intends to borrow funds from time to time under its revolving credit facility for general corporate purposes.
A copy of such press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.
(c) Exhibits.
99.1 Press release, dated October 30, 2009, announcing pricing of Standard Motor Products, Inc.'s offering of common stock.
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