Esterline Technologies Corporation Agrees to Sell 3,450,000 Shares of Common Stock
By Michelle DeGrand on
BELLEVUE, Wash., October 10, 2007 — Esterline Technologies Corporation (NYSE/ESL www.esterline.com), a leading specialty manufacturer serving aerospace/defense markets, announced today that it has agreed to sell 3,450,000 shares of its common stock at an initial public offering price of $55.00 per share in an underwritten public offering. Net proceeds from the offering are expected to be used to repay outstanding debt under credit facilities and for general corporate purposes. The sale will be made under Esterline's effective shelf registration statement previously filed with the Securities and Exchange Commission. The sole underwriter for the offering is Jefferies & Company, Inc.